Legal Question in Real Estate Law in Virginia

Deed of trust question

I was wondering if the following was possible:

If I had a Real Estate Holding Company that bought properties at a discount and held mortgages on those properties, could the holding company then turn around and sell those properties to other individuals through a deed of trust and hold a note for the purchase price?

Is this legal?

Thanks,

--name removed--


Asked on 3/23/04, 8:17 am

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: Deed of trust question

Why wouldn't it be, assuming that the holding company is a properly constituted business entity

and the person conducting the transaction(s)in its behalf had the proper authorization to do so?

Read more
Answered on 3/23/04, 9:27 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in Virginia