A little knocked down.

HI everyone,

I talked to a mortgage officer at a local bank yesterday afternoon. She informed me I needed to talk to an escrow officer at a title company to get information on laws in the state regarding legal means of transfer of ownership. When I spoke with the person at the title company, she informed me that for bank REO's I cannot assign, or do a double close because legally I am required to hold the property for 90 days before I can sell it to someone else. I do not remember this part from class, so I am a little sad as this was going to be my tactic for wholesales. Is the true everywhere? or just in Washington State.

Anyone have any input or suggestions regarding this situation? Someone suggested using an LLC to transfer the property. Is this legal, or can it be construed as skirting the spirit of the law leaving me in a liable position?

Today I read more of the new DG book. I have been very excited to get started, and have been working on my cash buyer bucket and have set up a good relationship with a real estate agent and have been receiving information on REO's in my inbox daily.

So now I need to find other ways of finding properties that are not REO's or somehow find a way to legally transfer ownership of an REO I purchased to my end cash buyer.

Anyway, I just tripped on my first obstacle.
Any suggestions or help would be much appreciated.