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Updated about 8 years ago on . Most recent reply

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Melissa Hafer
  • Leander, TX
0
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Anyone transferred RE to LLC while still under lender financing?

Melissa Hafer
  • Leander, TX
Posted

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!

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