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Updated almost 6 years ago on . Most recent reply

Dave E.'s profile image
Dave E.'s profile image
Dave E.
  • Rental Property Investor
  • from Indianapolis, IN
  • Member since Jan 23, 2020

User Stats

562
Posts
553
Votes
Dave E.'s profile image
Dave E.'s profile image
Dave E.
  • Rental Property Investor
  • from Indianapolis, IN
  • Member since Jan 23, 2020
Dave E.
  • Rental Property Investor
  • Indianapolis, IN
553
Votes |
562
Posts
Starting Out

Lender Permission to Transfer into LLC

Dave E.
  • Rental Property Investor
  • Indianapolis, IN
Posted

Single family rental is all settled in with a tenant with a 2 year lease, and a property manager. Had to close the loan in my personal name as I couldn't find a lender that would loan directly to my LLC. No biggie, it's fairly common.

I'm ready to deed the property to my LLC. Mortgage states that I need to get permission from the lender in writing. I emailed the mortgage broker asking what the process was to get permission, and he responded with an email saying it was ok to proceed.

My question is, does the email count as permission in writing? Curious what other people’s experience has been.

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