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Updated over 6 years ago on . Most recent reply

Jeongmoon Park's profile image
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Jeongmoon Park
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Jeongmoon Park
  • Member since Jan 17, 2019
Jeongmoon Park
6
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12
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Buying & Selling Real Estate

We/FannieMae will not allow for the LLC to hold title?

Jeongmoon Park
Posted

Hello BP

I am curious... How rare is the case if a lender (FannieMae) triggers due on sale when quitclaiming and transferring the deed from an individual to a partnership LLC? Would there be a kind of strategy to solve the issue if the lender calls in the loan due to the deed transfer?

I am trying to decide whether my partner and I go with mortgage or with hardmoney... 

Any comments or suggestions would be appreciated! Thank you! 

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ModeratorReplied

https://www.biggerpockets.com/forums/49/topics/610831-oh-yeah-the-due-on-sale-clause-is-now-llc-friendly-sometimes

  • Chris Mason
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