Dictionary of Business Terms: straw man
straw man
one who purchases property that is, in turn, conveyed to another for the purpose of concealing the identity of the eventual purchaser.
Dictionary of Real Estate Terms: straw man
straw man
one who purchases property that is, in turn, conveyed to another for the purpose of concealing the identity of the eventual purchaser.
Example: A developer is assembling land, for a subdivision from a large number of individually owned plots. To avoid the possibility that a few landowners will hold out for high prices, the developer uses straw men to purchase the parcels. agents of the developer purchase plots in their own names and later convey the land to the developer.
