Legal Question in Real Estate Law in Virginia

I own three homes in NC that I rent out and my wife owns one in SC. All four of these are mortgaged in our personal names and on our personal credit. Is there a way to create a business and have the deed and mortgage transfered to the business? What business structure would be best for this?


Asked on 2/09/11, 12:43 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Yes, these properties might be suitable for a closely held LLC (Limited Liability Company), and therefore you might want to arrange for a consultation with an attorney in North Carolina who handles the formation of these kinds of business entities and who should be able to further advise you on this particular matter.

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Answered on 5/17/11, 1:45 pm


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