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Updated almost 7 years ago on . Most recent reply

User Stats

160
Posts
80
Votes
David Edwards
  • Architect
  • Seattle, WA
80
Votes |
160
Posts

Ways around “due at sale” clause

David Edwards
  • Architect
  • Seattle, WA
Posted

Morning BP,

To make a long story short I just spoke with my lender about acceptable transfers on my mortgage and they have determined that a deed transfer to an LLC is an "unacceptable transfer".

From your (the communities) prior experience what are my options here? I’m just looking to separate my personal assets (not much now but growing steadily) from my rental properties and the deals I’m partnering on.

I know LLC's are a bit of a trigger topic here so Please be nice to one another in the comments.

Thanks all for the read.

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