Even if there was a formal assumption (not likely to get approved) you would still retain liability behind the LLC for the loan.Depending on the state practices you can use a RE attorney or just a title company to effect the change.

Note that not all lawyers will practice the type of law that could lead to a solid flow of business.If the rewards exceed the costs then it is work marketing to them.

Bidding blind will most likely produce a loss and put your further back than just collecting interest from a bank savings account.John Corey

You are learning the drill and you need live practice.

If not, then I would suggest that you put your money in a CD and simply collect the interest.

He is a practicing RE attorney (CO and NY).

There have been some comments I have read on forums about lenders stating that they will reconvey the security instrument only - and consider the note still collectible for the unpaid balance.

Actually, I have found his information excellent and practical.

I am just concerned if they have a lot of stuff in collections.

Shots 1 & 2 are practice shots so the people can dial in the future shots.John Corey