Changed title from LLC to my name for refi. Can i change it back?
Hello All,
This was my experience when doing a refinance. I purchased a duplex in OH a few years ago with cash. When I refinanced it the Bank wanted me to switch the title out of the LLC and into my personal name. I did that and was able to refinance. A good question came up during the meetup with the David Greene Team last month on changing the title back to the LLC instead of your name. The question was "Does the bank force a due on sale clause (pay entire balance of mortgage)"when trying to change the title back to LLC?" That question wasn't answered but I'd like to know what your experiences are/were. I feel more comfortable with the LLC on the title to mitigate my risk/liability.
Thank you!