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8 July 2019 | 29 replies
In addition with some loans such as Fannie Mae they are now allowed to move the property from their personal name into the name of a LLC without violating the due on sale.Section D1-4.1, Information Relating to Transfers of Ownership Applicable to All Mortgage LoansD1-4.1-01, Determining Whether a Transfer of Ownership Is Permitted (11/12/2014)[...]D1-4.1-02, Allowable Exemptions Due to the Type of TransferA transfer of the property [...] to [...] a limited liability company (LLC), provided that: the mortgage loan was purchased or scuritized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).Note: The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.All of the information that I post here on BP is to be considered my opinion and not taken as legal advice as I am not their personal attorney.
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8 July 2019 | 6 replies
It was an instrumental part in building my portfolio.
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2 September 2019 | 9 replies
I work as an Electrical Project Manager for Texas Instruments in Dallas.
6 June 2011 | 0 replies
Ofgift“The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government - lest it come to dominate our lives and interestsâ€.- Patrick Henry - I have totally cleaned this e-mail from all other names, sending it to you in hopes you will keep it going and keep it clean.This is something I will fight for and I hope you all read it all the way through.
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22 June 2011 | 18 replies
I would try and show that your LLC was a mere instrumentality of you.... and if I did, I got you and your LLC.
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21 October 2011 | 39 replies
Texas Instruments makes ARM processors.
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8 July 2011 | 1 reply
Drilling down to who holds the paper is pretty pointless becuse they are packaged in a large pool, securitized, then resold with no way to unwind the underlying instrument.
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6 August 2011 | 11 replies
Comparing a zero to some other debt instrument with payments and thus shorter duration is comparing apples and oranges.
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13 November 2008 | 0 replies
What instrument could we use to get my lease optioner client into a position where he could benefit from tax deductions?
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5 June 2015 | 14 replies
(Your attorney will let you know what you can do in your state.)The instrument we use is a Real Estate Contract.