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All Forum Posts by: John Smith

John Smith has started 1 posts and replied 1 times.

Tax, SDIRAs & Cost Segregation

Post: How to transfer a property deed to an LLC with a mortgage.

John SmithPosted
  • Investor
  • Palm Harbor, FL
  • Posts 1
  • Votes 0

I have a rental property in my name that I want to transfer to my real estate LLC for liability protection. I met with an attorney today and he informed me that my mortgage agreement section 18 states that interest in the property cannot be transferred without prior written consent from the lender or the lender may call call the note due and require immediate payment in full of the mortgage balance. What can I do the protect myself from lawsuits without risking the bank calling the note due? I'm very concerned, any help would be very appreciated!!

0 Votes