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Updated 11 days ago, 12/09/2024

User Stats

10
Posts
2
Votes
Steve Mitrano
  • Wakefield, MA
2
Votes |
10
Posts

Flagstar Bank & LLC Transfer

Steve Mitrano
  • Wakefield, MA
Posted

Anyone have any experience with transferring a Flagstar Bank mortgage into an LLC? I've had people tell me not to worry about it and to just do it, and I've had other people say the bank will call the loan due. My lawyer told me to send the bank a letter notifying them that I'll be transferring a title, but I've had other people tell me to call the bank. I figured calling would be easier, and they said I can't transfer the title or they will call the loan due. I'm just wondering if anyone with a Flagstar loan has done this in the past without any issues?

Otherwise, what are my options? Refinance into an LLC?

Thanks in advance!!

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