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Why put a house in the name of a business? [View All]

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TNDemo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-26-04 11:53 AM
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Why put a house in the name of a business?
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About a year ago there was a house for sale near one of my friends. She told me she thought there was a divorce or something. I looked it up in the property tax records and it was registered to some kind of medical association. I drove by the house and there was a sold sign on top of the real estate sign, so I told her it was already sold. I was talking to the friend again this week and telling her how few houses were on the market and how sick I was getting of looking. She said she thought this same house might be up for sale soon that she had heard something about a divorce situation (again). I looked it up in the tax records again and it shows it never changed hands last year. The house was built in 2000 and that is when this medical association bought it.

Friend says she never sees anyone there (feels like Mrs. Cravitts but is up a lot with a bad shoulder/surgery and notices what is going on around the neighborhood). She said some nights there are no lights on all night and other nights there will be 2-3 lights on that stay on all night. There is a lawn service that comes and does the yard. She doesn't think anyone is even living there but who knows.

I have been toying with the idea of just calling these people and asking if they are interested in selling but there is no listing for this company in the phone book and there is nothing on the internet about them. When we had a business we did everything to keep our house out of the reaches of the business and had an LLC. I can't understand why it would be preferable to have a house in the business name. I can understand if a company has to buy it in order to transfer an employee but this was evidently not the case since it was bought new. Anybody have any idea what is going on with this?
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