Rental property under LLC,do I have to inform the Mortgage Comp?

[Ayen Lee]

Hi there!

I have a rental property in Las Vegas that is under LLC (newly formed LLC), Am I obligated to inform the Mortgage company about this? Thanks!

[Chris Mason]

Originally posted by @Ayen Lee:

Originally posted by @Irina Belkofer:

They won't enforce "due on sale" if your LLC is single member company and you're the only owner.

Ask @Chris Mason - he explained it few weeks ago

The LLC was a partnership between my Husband and I, am I in big trouble now?

 Not necessarily - linky link.