Transferring Real Estate into an Entity - Due on Sale?

[Edward Stephens]

Dear BP Family,

I'll soon be the owner of a piece of real estate, and want to enjoy the asset protection afforded by an LLC. Has anyone on BP been successful in transferring ownership of mortgaged real estate from themselves to an LLC? I'm concerned that my lender will accelerate the mortgage when I deed my property to an LLC I control.

If you've been able to accomplish this, did you first create a Living Trust, then make the LLC the trustee of the Living Trust, thereby accomplishing asset protection? I know this is not the same thing as the LLC owning the property, but in my mind it accomplishes the same objective of asset protection. Thanks in advance.