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How do you avoid due on sale clause?

The Act provides that the due on sale clause is unenforceable if the title is transferred to an heir, if the property is transferred in the event of a divorce, or if the property is transferred to a living revocable trust.

How do I change my name on my property deed in NY?

The name change petition can be filed in the County Court or Supreme Court of the county where you live. If you live in New York City, you can file your papers in any New York City Civil Court or the Supreme Court in the county where you live. The Civil Court costs less money than the Supreme Court.

How do I transfer a deed in NY?

A real property transfer formRP-5217, RP-5217-NYC, or RP-5217-PDF (pilot project)is required for all real property transfers where a deed is filed. A filing fee is also required.

How much does it cost to change name on house deeds?

Getting the name changed on your deeds is an easy process and you do not need to involve a solicitor. Generally there is no fee to pay either. You simply need to send a letter to the Land Registry office requesting the name change, together with either the original or a certified copy of your marriage certificate.

What are the benefits of putting property in an LLC?

Benefits of Creating an LLC If your property is owned by an LLC, your personal assets are protected in the case of an extreme loss or lawsuit. Another benefit of setting up an LLC for your investment property is pass-through taxation. This means that the business does not have to file a separate tax return.

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