If you are planning on the new tenant/buyers living in the house past 6 months you will likely need to convey title to avoid the sticky executory contract issues.

Robert, the property preservation business involves working with asset managers to get foreclosed properties back to conveyance condition.

You don't know what other liabilities the LLC might have incurred hence don't want to get stuck with an undisclosed debt in addition to the property that you thought is just what you were getting.It sounds like the issue is something that could be addressed contractually or through some other device where you could explicitly and specifically state clearly what interest is being conveyed along with the LLC, and could name the specific property (or properties) in question.

My post was poorly conveyed.

This is the part that I want to convey to BP members.

If this is the case, then the agent can be a dual agent which means certain information should (key word) not be conveyed between parties.

There are differences in title, joint and several ownerships, rights in title, life estates, conveyance of partial interests and improper conveyances, liens, rights of easements and encroachments apparent by a proper survey, along with claims by creditors and others that puts even the most astute investor in areas of the unknown.To imply that investors should learn to do a title examinations is not good advice.

This should also convey the repercussions of them not performing the actions necessary on their part to prevent damage to your property.

We sued.took two years 10k plus in attorney fee and we won.. but lady still would not sign.. had to go back to court again and spend another 5k getting the judge to sign an order conveying title in such a manner that title co would insure the transfer.. ( which happened) then the lady still would not move so then we own it and now we have to evict that took another 4 months and 2k..

In the old days, they were mostly used to convey questionable ownership.