Messing w/ the lender, what to do?
I've inherited two single-family homes that I rent out. The titles are in my name, loan's are in my late-father's name. I want to move these properties into LLC's and then switch the hazard ins. to the LLC's. I'm pretty sure I can find an ins. co for that (any rec's?), but my concern is the lender will, I don't know, what can they do? I doubt they'd accelerate the due-on-sale clause, but could they somehow ****-block me or insurances all deny me?
ps. I'm aware land trusts avoid due-on-sale clauses, but not sure what advantage, if any, it would provide me in this situation, and in a litigation situation (not in one). Couldn't you anonymize yourself w/ a lawyer-written LLC where they're the nominee or whatnot to the same extent?