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Updated almost 5 years ago,

Robert Arnold's profile image
Robert Arnold's profile image
Robert Arnold
  • Investor
  • from Los Angeles, California
  • Member since Jan 6, 2016
Connect

User Stats

15
Posts
3
Votes
Robert Arnold's profile image
Robert Arnold's profile image
Robert Arnold
  • Investor
  • from Los Angeles, California
  • Member since Jan 6, 2016
Connect
Robert Arnold
  • Investor
  • Los Angeles, CA
3
Votes |
15
Posts
Private Lending & Conventional Mortgage Advice

Have you had a loan called after transferring a property to LLC?

Robert Arnold
  • Investor
  • Los Angeles, CA
Posted

Purchased a property in my name with a 30 yr fixed mortgage (big corporate bank). Have sense formed an LLC. Planning to transfer into the LLC. Would love to know if anyone has done this and the bank called to load due to the due on sale clause? I know it CAN happen but would love to know if it does happen.

Pt 2: If it gets called can you transfer property back into your name?

Thanks in advance!

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