Deeding a REO to Personal vs. LLC?

[Ursula B.]

Greetings BP! Has anyone ever heard of this? I just got a foreclosure property under contact. I wrote in the initial offer that the property should be deeded to an LLC. In the 'clean-copy corrections', I was told I had to deed it to my name, and I could switch to my LLC after closing.

I really don't have an issue with doing this - but just wondered if this is common with REOs these days. Last REO I bought was 2005 and maybe the times have changed. Any thoughts? Cash deal, so not sure what difference it makes to whom I deed the property. The bank is SunTrust, if that makes a difference.

Thanks for any insight you can share.

Ursula