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Timothy Gerdes
  • Investor
  • Cedar Park, TX
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Options when lender won't allow deed to LLC

Timothy Gerdes
  • Investor
  • Cedar Park, TX
Posted Feb 14 2020, 07:44

A few months ago I purchased a building with 4 townhouses in it in Texas. I created an LLC. I asked to use the LLC name for the title, but they told me to do it after closing. The loan was sold to another company. I contacted them, and they told me explicitly that they would enforce the "due on sale" clause if I did a deed to put the title in the company's name.

What are my options for protecting myself?

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