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How can you transfer an existing mortgage out of your own name and into the name of an LLC?
You cannot transfer a mortgage since the mortgage is owned by the bank. The bank is unlikely to remove the obligation from you to an LLC. You would need to pay off the existing mortgage, transfer the property to the LLC, and then refinance under the LLC . . . if the bank will allow the transfer of title and new mortgage.
What else can I help you with?
What are some mortgage companies in Connecticut?
There are several mortgage companies available in Connecticut. Some examples of these include, but are not limited to: Capstone Mortgage Co, Generation Mortgage LLC, Noreast Mortgage Services LLC, Reverse Mortgage USA, andTotal Mortgage Services LLC.
How can I add a name to an existing LLC?
To add a name to an existing LLC, you typically need to file an amendment with the state where the LLC is registered. This process involves submitting the necessary forms and paying any required fees. It's important to ensure that the new name complies with state regulations and is not already in use by another business.
How can I add a member to an existing LLC?
To add a member to an existing LLC, you typically need to amend the operating agreement and file the necessary paperwork with the state where the LLC is registered. This process may involve obtaining the consent of existing members and updating the LLC's records.
How to give equity in an LLC to new partners or members?
To give equity in an LLC to new partners or members, the existing members can issue new membership interests or transfer existing ownership stakes. This process typically involves amending the operating agreement and documenting the transfer of ownership. It is important to follow the legal requirements and consult with a lawyer or accountant to ensure compliance with regulations.
What is Eloan Refinance all about?
E-Loan refinance is part of the E-Loan service that deals with finding a new mortgage deal for an existing purchase. E-Loan is an online mortgage and loan broker owned by Lending Tree LLC.
How can I transfer property into an LLC?
To transfer property into an LLC, you typically need to follow these steps: 1. Create an LLC by filing the necessary paperwork with the state. 2. Obtain a new deed transferring the property from your name to the LLC's name. 3. Record the new deed with the appropriate county office. 4. Update any relevant contracts or agreements to reflect the transfer. It's important to consult with a legal professional to ensure the transfer is done correctly and complies with all laws and regulations.
Who is the CEO of Nationstar Mortgage?
the President and CEO of Nationstar Mortgage LLC is Mr. Jay Bray
Would it be better to use a Quit Claim or Warranty Deed to transfer a property to an LLC and would my bank have a problem with it?
If there is a mortgage on the property there is most likely a clause that will trigger a demand for payment in full if the property is transferred. You should check your mortgage document.
Can I transfer my deed to my LLC?
Yes, you can transfer the deed of your property to your Limited Liability Company (LLC) by executing a deed transfer from yourself to the LLC. This process typically involves filing the necessary paperwork with the appropriate government office and updating the property records to reflect the new ownership under the LLC.
How can I transfer my personal debt to an LLC?
You cannot directly transfer personal debt to an LLC. However, you can use the LLC to take on new debt in its name, which can help protect your personal assets from being used to repay the debt. It's important to consult with a financial advisor or attorney to understand the implications of this strategy.
Is Nationstar Mortgage associated with Flagstar Mortgage?
Flagstar Bank sells it's troubled loans to NationStar LLC
What mortgage companies are there for people with bad credit?
There are quite a few mortgage companies for bad credit. To name a few, one could try Countrywide Home Loans Inc, First Magnus Financial Corp, Gmac Mortgage LLC and Primary Residential Mortgage Inc.
