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Updated over 2 years ago on . Most recent reply

Transfer duplex from personal name to LLC
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

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".