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Updated about 4 years ago,

User Stats

37
Posts
15
Votes
Alexander Kleyman
  • Rental Property Investor
  • Sterling Heights, MI
15
Votes |
37
Posts

Mortgage recalled by lender due to Quitclaim Deed?

Alexander Kleyman
  • Rental Property Investor
  • Sterling Heights, MI
Posted

So I was talking to an attorney that specializes in RE about LLC and Quit claim deed transfers. He was telling me that the chances of a lender recalling a loan are very, very low from his personal experience.

Post about your personal experience, how many people had performed a Quit claim Deed to transfer their mortgaged property to an LLC and ran into issue with their lender? Trying to get a "real world" feel as we all know there are plenty of hearsay scary stories out there.

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