I will be the first to tell you that I absolutely, not by any means know everything. I have been in this industry for nearly 9 years and I still come across something new and learn something new almost every single day.
Well.. I have this new client and I'm not quite sure what to make of it just yet. I'm somewhere between - "this could really be great and huge for my business," and, "this is a complete waste of my time." He is an investor looking to buy, no surprise here, incredible deals. Here's the kicker, though, he is using other investor's money and wants to sign the contract (I'll just say his name is John Doe) "Doe Enterprises and/or Assignees."
Now, I've worked with investors plenty and I've also sold foreclosures and estates, better known as "incredible deals." However, my buyers always have their own money. I've talked to an agent in my office who only deals with foreclosures and he mentioned the bank will absolutely not allow "and/or assignees," but an independent homeowner might.
HELP!!! Thoughts.. Advice.. !!??? Have you ever dealt with this? Anything you can offer would very much be appreciated! Thank you !!!