Home buying - Privacy issue...

[aml811]

What is the name of your state? KY

Hello and thanks for reading my question.
I'm about to relocate and buy my first home in KY. My question is, I would like to protect my identity and privacy as much as possible with this purchase. How can I buy this home without exposing my name as the owner? Buy under company ownership? To help answer - I have no legal or personal problems/obligations of any kind. Just a private person. I'll be paying cash (no financing or bank issues on either side), quick claim, and have done all my research on this property I'm aware of. Any feedback would be greatly appreciated.

aml811What is the name of your state?

[Jaxdd]

I am NOT an attorney and therefore am NOT giving legal advise. However, I work at a title insurance/closing company in Arkansas. Our privacy laws here strictly forbid us from sharing ANYTHING that is not public information in your file to anyone without your written consent. The only information that can be shared to a third party about your transaction without your consent would be information that is "available to the public" which includes but is not limited to recorded documents such as deeds that would be filed for record in your county. As a rule with our company, however, if you are NOT a party to a transaction, you get NO information from our files without the customer's written permission. I hope this sort of reply is acceptable.

Jax

[moburkes]

But as the owner, his name and address can be found through the county auditor's office.

[John Se]

trust, corporation, or LLC or put it in your dogs name.

[nextwife]

Originally Posted by John Se

trust, corporation, or LLC or put it in your dogs name.

His dog will have a real problem executing the deed when the time to sell arrives!!!!!

But the LLC, Corporation, etc must be registered with the state, as must the officer names. So "ownership", even in a corp or LLC, can still be traced back to individuals.

The poster should rethink any plan that puts his personal residence into an LLC or corp unless he's considered all the tax consequences as far as future sale and reinvestment of gains. I do NOT believe a corp is entitled to $250,00 in gains on the sale of their residence if they do not roll it into another property.

I'd advise against agreeing to accept a Quit Claim for a purchase. If I'm buying a house, I want the seller to warrant the title, even with title insurance.

[danno6925]

His dog will have a real problem executing the deed when the time to sell arrives!!!!!

Haw haw haw - Paw- print here, here and here...

I'd advise against agreeing to accept a Quit Claim for a purchase. If I'm buying a house, I want the seller to warrant the title, even with title insurance.

I agree with this correct response. You could get to the point where you're ready to sell only to find that the seller left you all sorts of fun little liens to find on a title report that you will have to payoff in order to provide title that is free and clear of liens and encumbrances.

Quit claim = bad move.


In regard to the privacy - the Grahm Leach Bliley Act forbids the dissemination of any information that is not public record during a real estate transaction. You can request that your title company inforn the recorder of Deeds office / County Auditor / County Clerk that you want to keep your name as private as possible. This might keep your name out of the local paper when your deed is recorded, but that's about it.

There's no way to keep your name out of the public records, so anyone trying to find your name can do so if they know where to look.