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Anthony Barbato
  • Investor
  • Rochester, NY
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What happens to mortgage after transferring to LLC?

Anthony Barbato
  • Investor
  • Rochester, NY
Posted Apr 18 2014, 07:10
If I get a mortgage on a property in my personal name, and then transfer that property into my LLC's name, what exactly happens to the mortgage? Does the mortgage also go into the LLC's name to be paid from the LLC? Or is the actual deed the only thing that the LLC would receive?

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