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Updated over 16 years ago,

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16
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0
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Craig Steltz
0
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16
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Foreclosures and LLC

Craig Steltz
Posted

I created an LLC because originally I was planning on purchasing a couple of condos to rent out locally. But the seller did not accept my offer. I am now looking at a property in foreclosure that is due up for auction next week.

My question is can the LLC be used in anyway with a foreclosure deal? Or will the title deed be put in my name only and therefore the LLC can't come into play? My plan is to sell the house after the deed has transferred so there isn't as much liablity as renting so maybe there is not as much need to work under the LLC? Any thoughts?

Thanks

OB

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