Puuting a property in LLC

Foreclosures, Short Sales, Tax Foreclosures
1

I heard that you can put a property in LLC then sell it. If i am doing a short sale, before i submit the SS package should I have the property in a LLC. An LLC In Indiana cost 100.00 but it take 4 weeks. To get it in 3 business days its 175.00. Could some run give step by step

2

An LLC is a legal entity capable of property ownership, so yes you can take title in the name of the LLC. What is it exactly that you are trying to accomplish?

3

Wholesale a shortsale. Put it in a LLC then sell it to another investor

4

It eliminates the need to do a double closing - it makes the contract more like an assignment.