Entity-Granted Loans from Lenders
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?