If you win a bid they take a deposit out of your funds on hold and you have to wire in the rest of the purchase price pronto.  

kudos @Rito Altamirano for taking action steps, not a pro but this looks like a potential solution, a win-win for both parties involved, all the best

The tortoise always wins the race.    

She thought it was anyone who wants to sell a house and it has not sold yet.For me I see a Motivated Seller as someone who I can help in a Win Win situation. 

They may lead to a deal or may not but either way I will win because I've moved past the analysis paralysis.........So I encourage you to ask questions, seek guidance, study hard, learn the laws and move forward.Feel free to comment and add for those who need an extra push.Be encouraged.Best wishes, Tanesha Mills

Who do you think wins?

Obviously, I don't want to bid/win property to find out I owe lots of money on past liens.

Chris NA Thank you for the insight, I just looked into that and discovered that the Atlanta REIA is meeting on Monday January 4, 2016.

Win Win in my book.Now, using is as an investment vessel could be a whole different story, but I still see it as being a potential tool, especially to help someone that doesn't have the liquid assets to jump right in the game.

And thus you've discovered why the LLC thing can be a hindrance rather than a help at the bottom end.