[ADiamond]

merchant owns a personal property.... under their person

wbl funds business bank account, now property deed shows transfer of ownership to merchant's business name and mortgage lender on deed is WBL

i missed out on that fabulous mortgage broker era, can someone please explain to me what is going on here?

[Advance Smart]

They usually don't require that kind of transfer. Could have made it easier to fund. For example Texas has homestead laws where the majority of properties are what's called homestead properties and you can't borrow from funders using your primary residence. If your write the loan up this way you bypass the law and the homestead exemptions would be waived. Homestead properties have lower taxes because those residents aren't taxed at 100% of the property value but it comes with restrictions like that. Hope that helps.