Okay but doesnt the transfer of the deed alert the bank??

The title search that I have found has the title transfer to the estate, well over 10 years ago.

So far I came up with:Disclosure Regarding Lead-Based Paint HazardsSmoke Detector Statement of ComplianceReal Estate Transfer Disclosure StatementTermination RightI know there more but im looking at what is commonly used in Real Estate.

Because,For you to transfer a property to the LLC if it holds a mortgage, the bank will 1) increase your rates when you refi to the LLC b/c it's a business asset and not a personal asset, 2) require that you sign a personal guarantee on the mortgage.

We figured that even at 7 3/4%, the equity gain of $15K was worth it because there were no restrictions on transfer, length of time in unit, sublet, etc...So we were in the financing process when the owners stated that they would exercise upon 80% of the tenants committing to the deal and forming the HOA.

If you have questions pick up the phone or email someone.By the way once a shelf corporation is activated meaning that the transfer of ownership has been completed it is no longer a shelf corporation but rather an active company doing business under the laws of the state where you do business in and it is registered with the secretary in your state which you as a person is either the sole share holder or if there are multiple partners then it is legal structure according to the share allocated to each officer of the company and filed that way with the secretary of your state.

In Texas, at least, quit claims are no longer a valid method to transfer title or interest.

Do anyone know of any bank in today credit crunch that will allow a loan to be transfer from an individual into an LLC with the individual just guaranteeing the loan?

My wife makes about 400 a week,but can be transfered just about anywhere believe it or not.

On the lot there happens to be three structures.When you buy such a property there is 1 title to transfer.