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This might be an English-to-English translation problem, given that we have related but different systems of law... what I'm arguing above is that we defacto ha
by poulsbohemian 5y ago
This might be an English-to-English translation problem, given that we have related but different systems of law... what I'm arguing above is that we defacto have this already. If a property is purchased in the name of an LLC, it doesn't take me any more time to find the registration and contact info than it does for me to find the human owner. In fact, in the two states I do business I'd argue it's easier because there will be more information available about a registered entity than about some John / Jane Doe.
As for a guarantee by a human director... well, yes, I guess that's my point - any mortgage company is going to want personal guarantees so it's a kind of self-policing system.
Where this gets weird is when you have an LLC owned by another LLC or some other kind of corporate entity, where there really aren't humans involved. And as I originally noted, cash transaction are an entirely different matter (and it can be eye opening just how many properties are purchased with cash)