Re: Asset Protection for Real Estate investors
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Nov 12th, 2009, 12:57 AM
#5 (permalink)
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Quote:
Originally Posted by Cat Man Du
One problem that you can run into is that an LLC can trigger the bank's change in ownership clause - making the note due and payable !
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Most banks won't come after you for that anyway. But if you do get a due on sale, you have some time to correct it. I believe you can just transfer the property back into your name and it would stop the DOS.