LLC buyouts are a method of assigning a property to an end buyer, but instead of assigning your interest in the contract, the end buyer will purchase your shares or stake in an LLC. They buyout your interest. This is a significantly successful method of assigning when you cannot change the buyer name on a contract. It requires specialized paperwork and coordinate between the end buyers’ lender and assignor/ assignees attorney.
Title companies are becoming increasingly skeptical of assignments. Not due to the fact that they find them to be illegal, but due to the fact that they find it to be a risky insurance policy and they’re making more than enough money in this market climate to decide what transactions to insure and which ones not to. Therefore they are choosing NOT to insure assignment agreements unless the original Seller signed the assignment agreement and the agreement must list the fee. As an attorney who represents many wholesalers I do not see this being a very viable option for my clients so we are going to work on a case by case basis depending on the parties involved to customize a successful result.