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Updated 8 days ago on . Most recent reply

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Cedric Skeen
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Title Ownership(Deed) Transfer

Cedric Skeen
Posted

My mother wants to transfer ownership of title over to an LLC she owns. The bank she has a heloc out with is telling her they could call the loan due and that they would need to be paid in full.
Any suggestions, solutions, or ways around this problem ?

Thank you all!

Cedric

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John Clark#2 Out of State Investing Contributor
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Quote from @Cedric Skeen:

My mother wants to transfer ownership of title over to an LLC she owns. The bank she has a heloc out with is telling her they could call the loan due and that they would need to be paid in full.
Any suggestions, solutions, or ways around this problem ?

Thank you all!

Cedric

1. What is she trying to accomplish?

2. What does she think putting the property into an LLC will do to help her achieve that goal?

3. What has her lawyer advised her?

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