So here is the problem with quit claim: The lender

本文內容已被 [ PineRock ] 在 2012-09-11 10:17:39 編輯過。如有問題,請報告版主或論壇管理刪除.

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.

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No solution to your problem. -texastrader- 給 texastrader 發送悄悄話 (199 bytes) () 09/11/2012 postreply 09:55:31

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

true。That's another concern. -texastrader- 給 texastrader 發送悄悄話 (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- 給 sweetptt 發送悄悄話 sweetptt 的博客首頁 (106 bytes) () 09/11/2012 postreply 09:56:29

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

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