Transfering property to an LLC

[Philip Aleman]

A friend of mine was instructed by his mortgage lender to close on a property in his name to get a better rate. After closing he transferred the property to an LLC owned by himself and 2 partners. Now he is having issues. After further research he realized he could invoke the due on sale clause. The insurance policy is in his name since he closed it in his name. He wants to get the property insured properly, but doing so will trigger the due on sale. So now he is debating transferring it back to his name to avoid potential issues with the mortgage company and to be properly insured again. Is this the right move? He considered refinancing to the LLC, but with the COVID pandemic you can't get an inspector in an occupied property. Any suggestions? Is transfering the property back the right move?