Do i just transfer deed and then deal with the lender?

Is it too late to create the LLC now and then transfer the property into the LLC through a quit claim deed before the sell?

John - did the foreclosure process conclude prior to BK filing and only the transfer of deed remained, or did the BK filing precede foreclosure conclusion? 

For a flip property you should do whatever you feel is necessary to close the deal and transfer all liability.

But then after the close, transfer it to the real LLC when it finishes being processed by the state?  

Could it be a token sale to transfer ownership on paper, or would it have to be a full-fledged sale to avoid flirting with fraud? 

In my opinion, the right you have as a tenant could transfer to the new owner, but other than that you would be considered a month to month tenant with a verbal lease.

@Timothy Metra Going off what Account Closed was saying, you can transfer it to an LLC after the purchase and there is the possibility of the bank calling the loan based on the "due on sales clause."

Remember: probate is a solution to a title problem that is just one way to transfer ownership.

Is it as simple as drafting up a promissory note with the agreed upon payment schedule, getting it notarized and paying $150 or so dollars to transfer the deed?