Q: Can a potential buyer of undeveloped land listed with an realtor in Oklahoma remain anonymous thru the buying process.
My husband father and aunt inherited several acre of undeveloped land several years ago . The aunt stated years ago that she will not sell it to any of the grandchildren because her child couldn't afford it. My father-in-law doesn't care who buy it. They now have it listed with an realtor. My husband and I love the property. We want it to use and keep it in the family. We have the money on hand, but we don't want the aunt to know our identity or she will not take our offer. Is there a way to be an anonymous buyer?
A: One solution may be to set up a LLC using a name that differs from your own. Since you are paying cash, loan approval would not be a problem.
A: One solution may be to set up a LLC using a name that differs from your own. Since you are paying cash, loan approval would not be a problem. Another solution would be to set up a Trust and have a third party serve as the initial Trustee. After completion of the sale that Trustee would resign leaving you and your husband as successor Trustees (owners).
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