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Buying property under LLC with Freddy Mac
I'm 2 days from closing on my first rental property and the bank said today that the deed & mortgage could not be issued under the LLC, had to be in my name, because of new Freddy Mac rules. Anyone know if that is true??
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
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@Tyler Dieringer No, you can not get Fannie or Freddie financing through an entity.....this is not new, it has been that way Forever. Your loan officer seems clueless.