Updated over 5 years ago on . Most recent reply
Loan Application Question
My husband and I are currently looking to buy a rental property with owner financing. The loan application form he asked us to fill out asks for other real estate owned. We do own another property, but it is in an LLC. I think it's in our best interest to not put the other property on the application. My question is are we legally bound to put that property on the loan application even though it's in an LLC?