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Updated over 5 years ago on . Most recent reply

User Stats

77
Posts
80
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Rachel Bier
  • Investor
  • Napa, CA
80
Votes |
77
Posts

Selling a property transferred to LLC

Rachel Bier
  • Investor
  • Napa, CA
Posted

Hi BP,

I'm selling a property in MO that was purchased in my personal name and transferred to an LLC. There is a mortgage on the property in my personal name. Do I need to transfer title back to my personal name prior to the sale to pay off the lien?

This is the first time I’ve sold a property and I’m unsure of the process of paying off the mortgage...hence reaching out for help on BP!

Thanks in advance :)

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