NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.
It is a term used to make sure that there is not verible in the process.. for instance when a home is purchased from a mom to a son. The price might be more or less than market based on previous agreements or relationship. Partners to an LLC might decide to over pay for property in exchange for a release of other property. When you see Arm's Length Residential Transaction that is considered a market determined sale.