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Can I transfer the title of my condo from individual to my Limited Partership?

I want to transfer the title from individual to my Limited Partnership. Do I have to pay off my mortgage first and then refi it under my LP? Or do can I keep my current mortgage?? I am a bit confused.

As stated previously you can quitclaim it to the LC. One thing to watch for is the due on sale clause of the mortgage. If you transfer the title away and your mortgage company finds out the entire loan could become due.

You can transfer ownership via a quitclaim deed. You can do a google or yahoo search for quitclaim deed. Plenty of companies selling them. The form is inexpensive to buy, easy to complete and the filing fee is minimal. The form is filed with at your county recorder's office. You can retain the mortgage but I suggest consulting a cpa to make sure you are doing this to maximize your tax benefit (I'm not looking for business)

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