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Updated about 8 years ago on . Most recent reply
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Converting traditional mortgage title into LLC?
Hi All!
I hold a traditional mortgage on my 4 unit. Wondering the process of converting my deed to an LLC?
Thanks,
Tom
Most Popular Reply
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Steve Vaughan
#1 Personal Finance Contributor
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The mortgage co will have the right to call the loan with the due on sale clause.
More importantly, your title insurance was issued to you. As was your property/hazard insurance. You won't own it anymore. Asset protection. LOL