Benefit of Purchasing REO via LLC then selling it to oneself?

[David Breitzmann]

Hello,

Okay, the post on commodity acquisition via jewelry was perhaps too much "reverse-logistics."

I'm looking at the tax assessor website to track properties and noticing folks do the following:

1. Purchase REO via LLC
2. Sell property from LLC to self

This applies to VA loans (transactions I am seeing).

What's the benefit? Is there a means as to why one cannot purchase it directly? Isn't the LLC an instrument for either tax or legal security?

These "end-stream" deals (LLC to self) ususally close a few days after the LLC purchase.

Look forward to the responses.

Cheeers,

David