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Updated over 17 years ago on . Most recent reply

title transfer
I am gettiing into real estate investing and I am reading a lot of information on the whole process. I formed an s-corporation for this purpose. My question is if I take out a mortgage for a rental property in my name, since they will not give me a mortgage otherwise, and I buy the
house how do I transfer it to my s-corporation and is it legal. I would think that the title can be transferred but not with the bank knowing, so do you "forget" to tell them or is there a more legit way? I know that mortages contain a clause that does not allow you to transfer but a mortgage guy told me that after clsing I can do what I want but when I sell I have to transfe rit back to my name. Any ideas?