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Updated about 4 years ago,

Account Closed
  • Rental Property Investor
  • Saint Paul, MN
7
Votes |
21
Posts

Quitclaim to LLC - Strategy Question

Account Closed
  • Rental Property Investor
  • Saint Paul, MN
Posted

Hi all

Moving out of my house-hack and hope to rent my home this summer.

Tried to be proactive and demonstrate responsible communication with my lender ( US Bank) to see if I could quitclaim my deed into LLC in my own name. They responded with, "this will trigger due on sale clause".

Question is, how long do do they give me after giving me the notice the clause has been triggered?

Do I do it anyway in hope what they said was an empty threat while having a backup lender available for the refi just in case?

Interested to hear others thoughts..

Thanks & Merry xmas!