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Cody Barrett
  • Phoenix, AZ
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Transferring the title but not the mortgage?

Cody Barrett
  • Phoenix, AZ
Posted Apr 11 2016, 06:23

I purchased my 1st duplex but had to go conventional using my credit etc. for the loan... The loan is set up as an investment in the banks eyes. I didn't have a LLC established or the experience needed to help get them to loan against a LLC like I will try in the future with a track record on my newly formed LLC.

So can I transfer the title into the LLC without triggering the due on sale clause? I want to say a lawyer recommended transferring the title if I couldn't transfer the mortgage but I could have misunderstood when I heard them say that...

Thanks BP!  

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