This REO is assignable?

[Teri B.]

Hello,

I couldn't decide how to take title of a REO we just got under contract. In case we wanted to BRRR, I put the contract in name of my spouse and I to make delayed financing easier. One day later, I regret that and wish I would have put in the name off the LLC because it is probably going to be a flip. And, I want this to be a clean trail for tax/liability purposes.

The contract has been sent along to the bank to sign, and I don't want to screw anything up. I downloaded the Purchase agreement and found all instances of the word 'assign' or 'assignable' and don't see anything that would prevent me from assigning to LLC at closing.

Or, maybe I missed the wording.  Can you tell me what to look for, please?

Thanks for your time.

[Wayne Brooks]

It’s in the bank addendum, not your state mls contract, somewhere.