Oh, but don't forget to deduct tax on that).I reckon there are just too many uncertain variables to risk paying (at least) $89k on a home that sold comps say should be worth $99k (if rehabbed to market satisfaction).Looks to me like the "seller" is a wholesaler, looking for a flipper-wannabe to whom $10k seems magical... 

Having sold the property to the LLC would not give the IRS any ability to redeem the property without paying someone the price originally paid at auction, right?

The loan is for 95% of the net sales proceeds of the property you've just sold.

i just sold my lisbon property it has row to public st, over legal deeded row, and ihave a back lot i split off with 2nd row over current row  only issue i found maine doesnt require road associations. lenders out state had issue wanted me to form one with my neighbor but he said no. so i plowed till i sold my house. so found maine lender and no issue. 

This year the property has increased in value and is now worth $95-100k based on other units in the same complex being sold.

So, they were sold by the county through a tax sale. 

Overall the property is in a good location for commuting, would make a great starter home for the price-point, and a similar spec home sold very recently in the same town rather quickly.

ARV 120-130KI also found out home was going into auction for back taxes.I spoke to an attorney and he recommended I don't touch it because tax sale would not eliminate all liens or family claims so I gave the info to other investors who had more experience.a year later home sold for 58k taxdeed sale.How could I have create a deal here? 

After he vacated, his landlord sold it, and the new owner flipped it. 

We've sold some properties in the last couple of years and thus have a good amount of cash.