
08-14-2007, 01:10 PM
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Junior Member
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Join Date: Aug 2007
Posts: 28
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Quote:
Originally Posted by erick480
I have mortgages on 2 investment properties. If I form an LLC, can I transfer ownership of the properties and loan responsibility to the LLC?
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You can, but I would first check w/ your lender. Often, loan documents will have clauses which will cause the mortgage to be paid in full upon a transfer. I would imagine that getting your lenders approval shouldn't be a problem in this case.
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