Hello BP members,I am looking for information regarding owner financing and title transfer when facing a pending balloon payment.

There isn't really any significant advantage to transfer debt from one property to another when you already own both.

Close on the sale of your relinquished property and transfer the proceeds to the Qualified Intermediary.3.

The odds of the loan servicer asking for a job transfer letter (or similar supporting documentation) are non-minuscule. 

@Debbie Ough, A succinct and timely call for assistance :). 

Also, I recently did a balance transfer from my high interest credit card to a credit card I already had opened with a zero balance (they offered me 0%balance transfer ) my credit went from 784-700 because of this!!!

I'll probably transfer my current primary residence into my LLC and hold it as a rental since it will cash flow really well being paid for free and clear. 

Box; rent can only be paid by deposit.For your convenience, the nearest location to your home is 123 Main Street, Albany, or you can execute a bank-to-bank transfer using the routing number provided.If you have any questions, concerns or maintenance issues, you may call or text my cell phone at (#), or you may email me at the address listed at the top of this notice.Please don’t hesitate to contact me with any questions about this transition or any other pertinent issue.Sincerely,YOUProperty Manager

@Kirby Davis You're 100% correct - you want to capture the cheaper financing under your personal name, which is exactly what we've done.Speak with a local attorney but I purchase in my personal name then transfer the deed to LLC or Land Trust. 

There was also transfer of furniture involved.