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Updated about 17 years ago,

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Quitclaim deed to LLC and refinance question

Chavdar Kehayov
Posted

Hi guys,
I have a couple of properties on my name and I am planning to quitclaim deed them to my LLC. What makes me confused is I'm planning to refinance them after couple of months. What it is going to happen when I apply for refinancing. The loans are on my name, but the titles are on the LLC? Which credit is going to be used for the refinancing mine or LLCs? Also once I transfer title do I have to cancel the insurance and apply for a new one with the LLC as beneficiary? Last one: Is there any way to remove the loans from my name? I heard from someone that he transfer everything into land trusts and then called the credit bureau and told them the he is not the owner anymore and they removed them.
Thank you very much
Happy thanksgiving
Chavdar

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