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    AngelaConover's Avatar
    AngelaConover Posts: 1, Reputation: 1
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    #1

    May 21, 2008, 10:31 AM
    Straw Party Transaction
    If you have a guy that is "cutting" out a piece of his property to put it on a separate deed, but still be in his name... would this be a Straw Party Deed situation?
    Can the Straw Person be married?
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #2

    May 21, 2008, 02:49 PM
    Wikepedia says that:

    A straw deed is when two deeds are filed in quick succession, the first from Party A to Party B and then the second from Party B back to Party A. This is used to sidestep legal restrictions of sales between spouses or joint owners, or to incorporate a new survey description. Party B is a trusted intermediary, either a close friend or attorney.

    I guess that answers your question. I like your 'can the straw person be married'. I would say just don't bring a 'match'... get it?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    May 21, 2008, 03:49 PM
    Sounds just like a subdivision where they may in the future wish to sell it separate from the rest of the property. People buy large sections of land and separate it out all the time.
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