InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Buying property under GP name Posted by IE Brian on March 02, 2010 at 11:47 AM In Reply to: Buying property under GP name posted by Gary on March 01, 2010 at 2:58 PM You should probably file a "Statement of Partnership Authority" with the Secretary of State. Also known as form GP-1, I believe. It's available on the State website. This will give one or more partners sole signing authority. : If you buy a property at Trustee Sale under a GP name, who would be responsible for signing all the paperwork and deed for this property when selling it? Any of the partners, or specified in the partnership agreement or the Managing General Partner? Thanks Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : You should probably file a "Statement of Partnership Authority" with the Secretary of State. Also known as form GP-1, I believe. It's available on the State website. This will give one or more partners sole signing authority. : : If you buy a property at Trustee Sale under a GP name, who would be responsible for signing all the paperwork and deed for this property when selling it? Any of the partners, or specified in the partnership agreement or the Managing General Partner? Thanks [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-date("Y"), InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455