How to transfer your own home into an llc (while under mortgage)

Question

Would like to ask if it’s possible to transfer a property still under mortgage over to an llc such that it can be rented out?

What would be the general steps involved?

Jack V. Ospina · Answer

@Rahul Jayaram typically a title company will be able to help you do this. Regardless who's name the property is under the mortgage will remain on the property and usually will be the first lien holder. I would contact a title company to assist you with this. Good luck!

How to transfer your own home into an llc (while under mortgage)

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