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Updated over 2 years ago on . Most recent reply

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5
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Sophiep To
  • Orlando, FL
1
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5
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Transfer duplex from personal name to LLC

Sophiep To
  • Orlando, FL
Posted

I spoke to my lender and he said it would be best to talk to a title company that would transfer from my name to an LLC. He said it was hard to do that versus doing it in a trust. I spoke to a lawyer and does not recommend a trust as it doesn't fully protect you.

Does anyone know a title company that would transfer personal name to an LLC or if this is possible?

Thanks BP!

Most Popular Reply

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406
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163
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Joey Hamaoui
  • Real Estate Agent
  • Jacksonville, FL
163
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406
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Joey Hamaoui
  • Real Estate Agent
  • Jacksonville, FL
Replied

Make sure that if you switch title to an LLC that there is nothing in the mortgage that will trigger a due at sale clause. I've heard that banks can demand the loan in full on properties if you switch title without being careful. I recommend you speak with your attorney and have him do it. He should be able to form the LLC and do the "closing".

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