Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 21 days ago, 12/09/2024
Flagstar Bank & LLC Transfer
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!!