Updated over 11 years ago on . Most recent reply
Quitclaim good or bad?
I know it's very common to buy a property in your own name and then transfer it into your LLC through a quitclaim deed. But this also means that the title of the property technically changes hands - even though it's your own LLC. So the bank would theoretically have the right to call the loan due since it triggers the due on sale clause. Is this something I should worry about or just assume the bank won't do that?
- Peter Skobic