City does not care what the title says so long they have received your tax payment.

If the property contains a residential structure, and if you make repairs, and if the taxpayer redeems, they will also have to pay you however much you increased the value of the property with your repairs.

If the LLC is a disregarded entity then technically you do not change tax payers by placing yourself back on deed to satisfy lenders requirements. 

The tax payer for the old property has to be the tax payer for the new property and any transfer right before sale that changes tax payers is looked at very suspiciously. 

-However note that for real property the original use must be with the taxpayer or it must be substantially improved i.e. new construction or a major renovation - it does not look like turn key properties would qualify.

Any defects in the tax suit are between the prior taxpayer and the foreclosing tax authority. 

HOWEVER There is a small tax payer exclusion that allows deduction of up to $25,000 annually of losses if you're under a certain AGI. 

The bad loans of the Greek people were transferred from the shoulders of the investors in those big national banks to the German, French, Dutch, and Swiss taxpayers.

It is disregarded and the taxpayer is viewed by the IRS to be the sole member.

Do your homework first.Most S8/welfare people are the bottom of the barrel conning the system and living off of tax payers.