Selling LLC To Flip Short Sale?

[Ibrahim Hughes]

I'm brokering a deal where my seller (an investor whose under contract to buy the property) has been able to get BOA to agree to settle their lien (1st mortgage) for $55k. We now have a buyer willing to pay $85k cash for the property.

I'm hearing that boa doesn't allow resales within 30 days from purchasing the property. So our solution is to setup an LLC to buy the property (BOA has already ok'd taking title in the name of the LLC) and then selling the llc to the cash buyer.

Are there any objections from the seller, and possible counters to those objections, that I should be on the lookout for with this approach? I know about the issue regarding the buyer inheriting the liability of the llc. Is there anyway to soothe the buyer's concerns on that? We haven't presented the structure of the deal to the buyer yet but I want to be proactive and make sure this deal gets done.

Any other ways to get the deal done? The contract is assignable but will boa allow the assignment?

Thanks in advance.