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Updated about 2 years ago,

User Stats

8
Posts
4
Votes
Shannon Smith
4
Votes |
8
Posts

Quit claim deed to LLC

Shannon Smith
Posted

We are buying with a second home mortgage. We intend to use the home personally when we can but primarily for STR. Our plan was to quit claim deed the house from the bank to an LLC after closing but we know there's a risk the bank could call the loan if they found out. Do you always put your homes into LLCs? Has anyone ever heard of a bank actually calling the loan over this…? thank you.

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