Posted by kevin on January 22, 2001 at 15:42:28:
Thank You Mr Garcia,
for your responce, I understand what you are saying about being on the hook for the loan and the LLC not having no credit that’s why when I applied for the refi
I told them I would personaly guarantee the loan.
Anyhow I just heard from my bank today that they have approved the loan and I should be able sign the paper work in about a week.
When I bought the house it was already in the LLC but next time I may put it in my name than transfer to my LLC or to a land trust and make the LLC the beneficiary
if the tranfer fees are not to expensive, here in MD when you buy the fees are killer so I don’t know if the same fees apply when your just transfering the title of ownership without a purchase.
Once again Thank You for your help!