I know a couple guys in my home town that served 5+ years in a federal prison for this.If you're moving ownership into a land trust that you also control and have no intention of defaulting or selling and avoiding the payoff, it could for sure be argued as positive fraud, but the intent would more likely be for something like asset protection or some kind of investment arbitrage - which could still be fraud.  

If you have such a good relationship with a contractor you trust, what function does the property manager serve?  

I'm a GC, not because I flip my own properties, but I do a lot of work for other clients besides myself.

@Conrad Kostrzewa - I have had plenty of clients buy in Chicago and move away. 

It doesn’t look like they serve my area of CT, but I’ll check with them just in case.

Last I checked he wasn’t taking new clients but that may have changed as that was a while ago.

When you have a commercial property in a commercial loan then your LLC will serve you well.

*None of this post creates an attorney-client relationship or CPA-client relationship. 

I looked at a 2 fam property for a client and the price difference in insurance was absurd compared to the additional rent, not to mention pool up keep.

i suggest go to a branch, ask to be seen by a private client or branch manager. show them ur wells statement and ask what they can offer.