Wholesale an REO without back to back???

[Melissa Card]

Hello BP'ers,  I wonder if anyone can answer a question or knows who can...

Have you heard of wholesaling an REO without a back to back close? Since you can't do an assignment.

I heard the wholesaler gets it under contract then adds their buyer on the contract as an addendum with them both buying it. Then at close the wholesaler does a Quit Claim Deed to the buyer in exchange for their fee.

My question is, can 2 LLC's be on a contract to buy one property? Or would the owners of the LLC need to list themselves as individuals?

Thanks for your help!

Melissa