Posted by Bronchick on June 15, 1999 at 09:51:46:
What he means is that FNMA conforming loans require that you take title at closing in your name. It is not a requirement for an all cash or owner-carry or non-conforming loan.
How can I explain to my CPA that I want to buy properties in a business name or in a trust? - Posted by nariah
Posted by nariah on June 15, 1999 at 08:35:53:
According to my CPA, I can only put my name on a contract and once the transaction closes, I can do a quit claim deed and have it transferred into the Business or trust name. Is this correct?
This is for investment property of course and not my primary residence.