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Updated over 4 years ago on . Most recent reply

User Stats

201
Posts
29
Votes
Nadine Lajoie
  • Investor
  • Long Beach, CA
29
Votes |
201
Posts

How to deed property to LLC without cancelling mortgage?

Nadine Lajoie
  • Investor
  • Long Beach, CA
Posted

I called my mortgage, and my contract says that transfering my deed will mean I'm required to pay the entire balance which I cannot.

Do you know anyone who can?

Is therr any taxation on COO or reset on prop. Taxes?

I thought REI were doing that easily all the time with a quit claim deed?

Please help

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