Thus, I'm trying to find a convenient way to accept payments and transfer the payments to pay the mortgage. 

Hi Dani,When it comes to using a VA loan (Veterans Affairs loan) for real estate and the possibility of transferring it to a Limited Liability Company (LLC), there are several important considerations:Loan Transfer Restrictions: VA loans are personal loans guaranteed by the U.S.

He stopped the wire transfer after the closing.

I know in attorney states that is a very foreign concept the thought of transferring title without an attorney..

Thanks for this info...followup question:  since we will probably want to do a conventional loan for a better rate and we have to take that title directly, would we then transfer the title to an LLC we create to protect ourselves? 

Hey Brian,Here are some key considerations if you're looking to re-sell the property under the same "subject to" arrangement:Due-on-Sale Clause: Most mortgages have a due-on-sale clause, which means that the lender can demand full repayment of the loan if the property is sold or transferred to a new owner.

Knowledge of real estate principles, the title transfer process, and real estate laws specific to the county and state the subject property is located in4.

After clarification of the policy you can transfer title into an LLC after closing. 

I plan to eventually transfer it into an llc I created once it is rented, and refinanced.

So even though property values may have skyrocketed, the taxing authorities aren't able to jump the taxes as much because of the limits the grandfathering puts in place.BUT... as soon as you buy a new home, or transfer it to a new entity (think LLC)... all that grandfathering goes away, and the taxing authority will bring  you up to that new Just Market Value".