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Updated almost 8 years ago,

User Stats

43
Posts
7
Votes
Teddy Johnson
  • Real Estate Investor
  • Hastings On Hudson, NY
7
Votes |
43
Posts

Title Transfer to DBA Trick

Teddy Johnson
  • Real Estate Investor
  • Hastings On Hudson, NY
Posted

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?

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