not sure in Texas but in most states if its a stalemate the title company files an interpleader with the court and sends the EM there... then its up to you to file a motion to get the money  IE basically litigate for it.. and of course the cost of this far exceeds the normal small EM....

Is this all just going through the motions as part of a foreclosure process, or is there another reason for this?

First, LLC don't have shares, they have membership interest.Second, your heirs get the step up basis at the time of your death, you just need to have proper documentation or appraisal to show the current value of your LLC at that time.Third, even with shares of corporation you get the step up basis (like your brokerage account).But anything transferred before your death, LLC or not does not get step up basis.You own an LLC containing property and gift $10k of LLC interest to your daughter through the uniform gifts to minors act.

Read one book actually that really set it all in motion, I was familiar with aspects of real estate through my life experiences.

I have to admit it kind of made me nervous when you said start reviewing Fannie Mae/Freddie Mac documents (side note, did you mean their loan document called the uniform residential loan?)

The bigger commercial are already set in motion with a different structure.

There is nothing more irritating than when homes along a neighborhood show an inconsistent lack of uniform appearance. 

., exactly as it shows, and you can see the case docket.....a time line of actions, motions, scheduled hearings, etc.As to my earlier question, equity matters because if there is no equity then you're looking to do a short sale, as opposed to getting "a deal" by paying above the Mtg balance, but less than it's worth.A LP can be for things other than a foreclosure, (like a seller backing out of a contract and the buyer filing an action to cloud the title) but 99% of the time it is a foreclosure.

All my friends still in the tech space spending hours a day on video calls are exhausted and uniformly say video calls are more taxing than in person meetings.That being said, there are many times when quiet uninterrupted time to focus is required. 

@John Spurlock  as much as we would like to think LLC isolates the owner from liability that simply is not the case.. if its bad enough to get sued.. your going to get sued personally right along with your LLC.. and you may be right but you will spend thousands on motions in limini ...LLC's are great for many reasons and I have a bunch of them.. but its all with different partners.. but in a single member LLC its easily pierced.