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if there’s an active mortgage, it’s not worth the hassle it takes to transfer. many lenders won’t even let you do so
Quit claim deed would be the easiest assuming you had purchased it clear of title issues and through a warranty deed. Reg mortgage - It really depends on the lender. Some Fannie Mae loans allows you to transfer to an llc. If not, they could call the note or ask you to refinance to investment/commercial rates.
Coach
Yes. True. But the SCorp filing fees are negligible if there is no income. Now if the LLC that holds the trust interest has more than one member (if the trust has more than one beneficiary who are members) then I’d dispense with the scorp in that situation. But if there are no other beneficiaries, the extra filing fee is worth it for asset protection purposes. My view at least.