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Updated about 14 years ago,

User Stats

1,493
Posts
268
Votes
George P.
  • Real Estate Investor
  • Baltimore, MD
268
Votes |
1,493
Posts

How to hold rental?

George P.
  • Real Estate Investor
  • Baltimore, MD
Posted

Currently primary residence, will be renting out soon
Loan is in my name
I am thinking of creating a trust and transferring title into trust.
Should I call the noteholder (PNC bank) and notifying them and reassuring that I am still liable for the loan? I don't want them to call the loan due if they find out the title has been transferred.
Any thoughts?
thanks

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