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Quitclaim Deed from Individual to LLC Virginia Form

Quitclaim Deed from Individual to LLC Virginia Form

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Today we're going to talk about the do on sale clause, which in my opinion, as a former asset protection attorney, is not something you should be afraid of or be as fearful as most of you are. Quite simply, a do on sale clause is a provision in the loan agreement that gives the lender the right but not the obligation to call your loan. If you transfer the property from your name into somebody else's. While many real estate investors transfer their properties from their personal name over to LLC. A lot of them still remain fearful that the do on sale clause will be calling them. And a lot of you guys are actually so fearful that you actually don't transfer the property from your personal name into the LLC for fear of the lender calling your loan. So what do we have do on sale clauses to begin with? This all started really from the lenders back in the 1980s when mortgage rates skyrocketed to about 18% and people were starting to transfer their properties to other

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