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Updated almost 6 years ago,

User Stats

35
Posts
23
Votes
Eric Pierpont
  • Rental Property Investor
  • Auburn, ME
23
Votes |
35
Posts

Moving property title to LLC

Eric Pierpont
  • Rental Property Investor
  • Auburn, ME
Posted

I started out by house hacking a triplex with an FHA mortgage, I moved out after a year or so and tried to transfer the title to my LLC. After talking with my lawyer, I was told that before he could begin the transfer, I needed approval from my giant mortgage company. It was denied and it looks like the only way I could transfer is with a refi which would be with a higher interest rate.

I've heard that local banks are much easier to deal with as far as title transfers go. Is this true? Any other tips?

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