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Updated about 8 years ago on . Most recent reply
Title Transfer to DBA Trick
My wife just Financed 8 properties and we want to transfer them back to the LLC's. I was wondering since a name change will trigger the due on sale clause, if do a quit claim to the DBA and make it Jane A Smith, the lender wouldn't know of a new title owner. Same name on tax records, insurance, and name on deed remains the same.
The quit claim deed would say Jane A Smith relinquished all rights to Jane A Smith.
Any thoughts opinions?