So here is the problem with quit claim: The lender

本帖于 2012-09-11 10:17:39 时间, 由普通用户 jy101 编辑

lend YOU the loan based on the fact that YOU own the house, so if you default on the payment, they will sell the hosue to get the money back.

Now the hosue is tranfered to a LLC, and leagally you do not own the house anymore, do you think the lender will have problem it and call the loan immediately?

Or you assume the lender will not be concerned?

That is why I am asking whether there is a clean way to transfer the deed.

所有跟帖: 

No solution to your problem. -texastrader- 给 texastrader 发送悄悄话 (199 bytes) () 09/11/2012 postreply 09:55:31

Thanks. Another issue with quit claim -PineRock- 给 PineRock 发送悄悄话 (197 bytes) () 09/11/2012 postreply 10:02:46

true。That's another concern. -texastrader- 给 texastrader 发送悄悄话 (0 bytes) () 09/11/2012 postreply 10:03:43

I did a transfer with a loan on the home. So far I have no probl -sweetptt- 给 sweetptt 发送悄悄话 sweetptt 的博客首页 (106 bytes) () 09/11/2012 postreply 09:56:29

due on sale: you have to pay all up if you transfer. -wooddiy- 给 wooddiy 发送悄悄话 wooddiy 的博客首页 (0 bytes) () 09/11/2012 postreply 13:04:14

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