Nominee Instruction
A nominee instruction allows another person or entity of your choice to legally take your place in a transaction. When and why would this be important?
Let's say you have negotiated a short sale and you have obtained WRITTEN acceptance from the lender for the negotiated short sale price. Let's also assume that you have negotiated up until this point in your name which is also the name on the purchase and sale agreement.
If you are like many astute investors you keep assets out of your name and you may want to close this purchase using a land trust or an LLC. But you realize if you would have started the negotiations with the buyer as a land trust or LLC it could have complicated manners and you may not have been able to successfully negotiate the short sale unless it was in your name giving it a 'normal' appearance.
But now you are ready to close. All you have to do is use a nominee instruction to the title company, like the one found in this system, and your new nominated entity completes the transaction. EVerybody wins.