Bank Refused My LLC Title Transfer
I recently received in the mail a notice that I am not allowed to transfer my primary home to my LLC. They mentioned restrictions due to Fannie Mae.
I would be subject to termination if I do not transfer it back.
Has anybody else dealt with a similar situation? I have never heard of this problem before and am surprised since transferring to my LLC is more protection against the asset for them.
Any suggestions/recommendations how to correct this with the bank and allow my LLC to own title?