How does a Cash Buyer's name not show in county records?

How does a Cash Buyer's name not show in county records?

Member since 2020 · 7 posts · 0 votes

Again, how does a cash buyer's name can show on several properties in the MLS; yet not in the county records?

Thank you!

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  • Real Estate Broker · Northeast PA · Member since 2017 · 2k+ posts · 3k+ votes
    6y

    It is possible that they recorded the deed under an entity name, or transferred the title into an entity before listing the property.  Or, perhaps the listing agent made a mistake on the input of the listing.

  • Member since 2020 · 7 posts · 0 votes
    6y

    Thank you. There has been no change of ownership. The person paying taxes in 2014 is still paying them, and their name is still on the title. Do you know how Warranty Deeds work?

  • Real Estate Broker · Portland, OR · Member since 2019 · 4k+ posts · 2k+ votes
    6y

    Depends on how the buying entity is recorded on title.

    You can buy as a LLC as long as the operating agreement reflects ownership and how its held.

    If you had to make a claim to title on the warranty deed, I'd think it'd have to come from the LLC (or whatever entity) rather than an individual since the LLC would be the named insured (for lack of a better term).

    If you were selling and that LLC is still the owner, you'd need to give title the operating agreement again. If you want to change ownership mid-stream, you can create a Bargain-and-Sale deed (in OR) that would accomplish that.

  • Member since 2020 · 7 posts · 0 votes
    6y
    Okay, thank you for the information.
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