Posted by csh on August 19, 2003 at 12:02:10:
I am not a lawner, but I have some experience in this. You have to call the lender to get their OK to quit claim the deed into company name. Get in in writing, referencing the loan number, or they can accelerate the due on sale clause. If the answer is no, you can still get the tax benefits of the property, but with the loan in your name, the liability issue of the company is worthless. The best way to protect yourself with the liability is to get a commercial loan in the company name.
Just a few notes from my own experience, anyone else have more experience with this issue?