Help I want to get started in REO's

[Drenda Holmes]

Hi I am interested in finding out all I can about REO's. I live in Maryland and I know rules differ from state to state. I want to know if there is a way to put in a contract with the bank and then flip to end buyer with out having to do a simultaneous closing or a double closing.
I was told that you can set up and LLC and they I guess I would be selling my contract to the end buyer, but how do you go about that. HELP PLEASE.

Or is there another way that I can do it without all the stress of double or simultaneous closing. Thanks in advance for any help you may be able to offer.

[Will Barnard]

Drenda, In order for the LLC process to work, your buyer must be all cash as banks will usually not lend to a new entity.
If that is what you are attempting to do, then all you need to do is sell the shares of the company to your end buyer. Contact an expereinced RE attorney to help you set up the LLC (or which ever entity is best for you) and they will also be able to provide you the documents to sell that entity.