Humor me on this !
A close friend of mine who now resides in the US, recieved a call from his old neigbor of 15 years in the DR, offering him an opportunity to buy a piece of a large lot for a great price, inorder to raise money for a daughters wedding. I am familiar with the area and I am interested in the lot. Since my friend does not have the cash to make the purchase himself, he has offered to purchase the lot on his name on my behalf then transfer the title to my name shortly after.
Although I trust my friend, and I do plan to consult with one of the attorneys whom is well known on this board, I am wondering if there is a more direct way to conduct this transaction an avoid all of this paper swapping. Another words does the buyer have to sign his name on the title at closing, or can it be made to John Doe?
I can buy the land directly myself but it would cost me an additional $1,500 dollars.
A close friend of mine who now resides in the US, recieved a call from his old neigbor of 15 years in the DR, offering him an opportunity to buy a piece of a large lot for a great price, inorder to raise money for a daughters wedding. I am familiar with the area and I am interested in the lot. Since my friend does not have the cash to make the purchase himself, he has offered to purchase the lot on his name on my behalf then transfer the title to my name shortly after.
Although I trust my friend, and I do plan to consult with one of the attorneys whom is well known on this board, I am wondering if there is a more direct way to conduct this transaction an avoid all of this paper swapping. Another words does the buyer have to sign his name on the title at closing, or can it be made to John Doe?
I can buy the land directly myself but it would cost me an additional $1,500 dollars.
