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Updated over 6 years ago on . Most recent reply

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30
Posts
6
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David Blue
  • Investor
  • Framingham, MA
6
Votes |
30
Posts

Title transfer to LLC

David Blue
  • Investor
  • Framingham, MA
Posted
With the recent tax law changes does it benefit me to transfer the title on my investment property mortgage from my name to a LLC? Also in the past most banks were reluctant to give a conventional loan to a LLC and the loan/title was issued in the mortgagors name. With the new tax laws possibly benefiting corporations will mortgagees be more lax with the acceleration clause and due on sale clause thereby allowing existing titles to be transferred to LLCs?

Most Popular Reply

User Stats

25
Posts
9
Votes
Cody H.
  • Real Estate Broker
  • Elkhart, IN
9
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25
Posts
Cody H.
  • Real Estate Broker
  • Elkhart, IN
Replied

@Bret Blackburn @Chris Schroeder

Hi guys, I know this is an older thread, but I wanted to mention that in several states, if you use a Quitclaim Deed to transfer title, it will VOID your title insurance policy. On the other hand, if you use a Warranty Deed, it keeps the title insurance policy intact.

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