OfflineWe have a property that we need to transfer over to an LLC, the deed is easy but what about the mortgage?? Has anyone had to deal with this before?? Anything we do from this point forward will be bought and mortgaged in the LLC name but I have a couple that were long before we learned the right way.
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since they are your properties with your mortgages, go ahead an make the switch. The mortgages can stay like they are. Kind of like your own internal subject-to transaction. You can send the mortgage company a note telling them of the transfer is for "estate planning purposes" if they inquire about them....but they won't.
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