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Updated almost 8 years ago on . Most recent reply

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James Oey
  • Investor
  • San Diego, CA
0
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3
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Should insurance be paid through escrow to avoid due-on-sale?

James Oey
  • Investor
  • San Diego, CA
Posted

So, I am planning on purchasing a property under my name then transferring to an LLC. I'll add the LLC as a named insured at the time of transfer. Does it matter if I pay for insurance and property tax through the lender's escrow or should I pay for it on my own? I'm asking with regards to reducing the risk of the lender calling out the due-on-sale clause?

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