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Updated 7 months ago on . Most recent reply

Jeff Chisum's profile image
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Jeff Chisum
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  • from All 50 States
  • Member since Jul 20, 2020
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Jeff Chisum's profile image
Jeff Chisum's profile image
Jeff Chisum
  • Lender
  • from All 50 States
  • Member since Jul 20, 2020
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Jeff Chisum
  • Lender
  • All 50 States
111
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190
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Short-Term & Vacation Rental Discussions

Second Home Transferring Title to an LLC

Jeff Chisum
  • Lender
  • All 50 States
Posted

Clarification. When using the Fannie/Freddie/Federal Home Loan Bank second home occupancy loan and you transfer title within the first year to an LLC that the borrower is majority owner of it will not trigger the due on sale clause as long as you can attest that it will continue to be a second home.

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