Changing deed of trust and loan documents to LLC
Existing rental is under individual name, registered on the loan and the deed of trust, for the title to change from individual to LLC without refinancing, the bank for a small fee, will convert the load documents and the loan name to an established LLC, but will not allow the deed of trust to be changed from individual to LLC without refinancing.
Question- shold the individual name remain on the deed of trust is it OK, or needs to be placed in living trust?
This is for only reducing the exposure of liability.
Does any one have a good idea on this?
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