New Rules- May 21, 2008 Just read this online. Still need to investigate.Freddie Mac has just changed their rules to NOT allow refinances if the property has been in an LLC at any time for the past 6 months.Fannie Mae is expected to follow suit.If you have your property in an LLC, you have a few choices:Leave it in there until you sell and realize you probably won't be able to refinance.Pull it out of the LLC and lose all liability protection.Use a Trust LLC envelope to protect the you the owner and keep...http://blog.chromial.com/2008/05/21/new-rules.aspx?ref=rss |