Posted by Jim IL on June 18, 2001 at 19:33:17:
Yes, but it seems that whoever is on the agreement as the buyer needs to close first.
You can then just deed the place over to the LLC, or trust.
Unless you are trying to get the loan to buy it under the LLC or trust.
In which case, you need to close with whoever is listed on the agreement as the buyer from your seller, and then sell to your entity with the new financing.
This is called a “Simultaneous close”.