Can I hide my identity from buying a property?

Asked by Rowena, Toronto, OH Fri Sep 26, 2008

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Jeff and Gin…, Agent, Vero Beach, FL
Fri Sep 26, 2008
This can be accomplished by having a trust, your attorney, or your surrogate buy the property. However, there is language in most Purchase and Sale Agreements in most states that says the buyer may not "assign" the property, meaning transfer ownership to you. You must replace that language to indicate that the buyer may "assign" the property. For example, the vast majority of the land that later became Disney World here in Florida was purchased by surrogate attorneys to avoid having the asking prices be increased dramatically had the sellers known the real buyer. If you need more help with this, your Realtor will be able to assist you and your attorney can advise you the best way to structure the offer to "hide your identity."
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