Entity-Granted Loans from Lenders

[Kayla Holbert]

Hi again. I recently read that banks don't allow entities to take out a mortgage loan, specifically LLCs. Apparently, there is a 'loophole' that allows the title to be transferred from the buyers name to the LLC, but it may present a 'Due on Sale' clause. Is anyone familiar with the likeliness of this happening in Nevada. In other words, will the transfer ALWAYS attract a 'Due on Sale' clause?

[Harjeet Bhatti]

@Kayla Holbert  You don't have to transfer title to individual name before you start the process of refinancing. You can quit claim at the closing or before depend on the lender requirement.