Quitclaim to LLC

[GR Pachmayr]

I am getting close to closing a deal on a duplex. When I approached the lender I am using, I indicated that I wanted the loan through my LLC, he said that I could just quitclaim it to the LLC after it closed and the mortgage was recorded. I asked him about the due on sale clause, and he said that preventing such a transfer wasn't the purpose of the clause. My instinct tells me not to try to quitclaim it, despite his statement. So, would you quitclaim it to the LLC, or keep it in your personal name? If I do quitclaim it, and the mortgage company calls the loan, will I have an opportunity to quitclaim it back to my name?

[Steve Vaughan]

Hope your attorney also advised you that your title insurance and hazard insurance are also no longer valid more than likely.  

@GR -will this be an investment duplex or a house hack you will occupy? Have other properties? Worth multiple millions? Are ya famous? Why the need for the LLC I wonder?