In the Phoenix Metro area, We have recently been informed that Fannie Mae and Freddie Mac will not accept a short sale offer from a buyer utilizing a PC, Trust or any other entity beyond Natural, PLLC or LLC.
There are too many ways for buyer to attempt to avoid paying taxes by hiding behind certain entities. Fannie and Freddie are very concerned with this. You will want to counsel with your sellers as it is not in their best interest to accept this type of offer. Again Natural, PLLC or LLC are acceptable.
Andrew Monaghan
The Monaghan Group
Keller Williams professional partners
Your resource on all areas of Short Sales and Distressed property in the cities of Phoenix, Glendale and Peoria
To search for homes please visit my web site www.yourphoenixhomesource.com
450 Closed Transactions in 2011
554 Closed transactions in 2010
530 closed transactions in 2009,
For all your Real estate needs, We specialize in Short Sales, Distressed Properties and have a full buyers team.
