How do a corporation purchase a residential property?

Answer 1

The corporate board votes to authorize the company, through its officers, to purchase a property. The officers obtain the necessary financing for the transaction and designate an authorized officer to sign any necessary papers. A certificate from the corporate clerk may be required to authorize a third-party loan to the corporation or even for seller financing, including representations that the transaction is authorized by the board. The corporate attorney or officer then works with the sellers to craft the necessary deed naming the corporation as the grantor, to obtain title insurance, and all the ordinary acts of buying a property.