Posted by Garrett on March 03, 2004 at 21:06:15:
Find a new lender. Tell the old lender that he needs to get with modern times and allow title to be held in the LLC. Until all of us start letting lenders know that their position on title being held by LLCs is ridiculous and we start taking our business elsewhere nothing will change. Just so you know, in Reno lenders routinely allow title to be held in a LLC. There is never a question or a hassle about it. Good luck, Garrett
Transfer from LLC - Posted by Natasha
Posted by Natasha on March 02, 2004 at 20:37:48:
Is it worth transferring out of an LLC into my individual name in order to get good financing? I am approved for a cash out refi but the lender says title must be in my name. There are currently no mortgages on the property so my name has never been through the chain of title. I am the single member of the LLC but I just didn’t want to show a transfer to me as an individual for liability reasons. What do you think?