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Updated about 8 years ago on . Most recent reply
Anyone transferred RE to LLC while still under lender financing?
I understand the whole "due-on-sale" clause and I'm fairly familiar with company formations and how to document a transfer of property. My curiosity is how many of you have successfully transferred your RE property to an LLC without the lender calling your mortgage due? I am wanting do this for both asset protection and tax purposes, but am pretty nervous about the whole lender issue.
Thanks!