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Updated over 6 years ago on .
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Notifying banks before transferring property from name to LLC
So I'm transferring 6 properties into LLCs simultaneously... a lawyer friend said, "to avoid any potential due-on-sale clause BS... you can actually contact each lender and notify/sign something saying I'm responsible for ABC LLC, and usually they're ok with it.
Has anyone done this/been successful doing this?
Cheers,
Jake
Most Popular Reply
just thought I’d respond, Wells Fargo has a form I can sign, Chase says it doesn’t matter as long as mortgage payments are made, and Amerihome has a form to sign as well.
Jake