Will deal be slowed if I change LLCs?

[Maryann L.]

We have a deal on the table. The BPO came out two weeks ago and we are awaiting if they will accept our offer. We'd like to change the LLC that we are purchasing the deal with because we closed a few properties with it already and need to switch.

We want to write a letter to the lender just explaining the situation and why we are switching LLC's. The same deal will be on the table and literally it's a matter of switching the p&s and sending a new one. Will this hold things up for the homeowner? Has anyone done this? What were the ramifications?

Is there a better way to do this than what we are thinking? We'd prefer not to slow the process, but really need to switch the LLC.

Thanks.