refinance
Do You Have an LLC? You Might Not Want to After Reading This
Posted May 19th, 2008 by Diane Kennedy
Rules to refinance properties have just been changed and that means that hundreds of thousands of real estate investments are now in the wrong business structure. Freddie Mac, one of the two largest underwriters of conforming loans on the secondary market, has just changed their internal rules to state that they will no longer refinance a property that has been inside of a Limited Liability Company (LLC) for any time within the past 6 months.
Fannie Mae, the other big underwriter, is expected to follow suit with a similar change.
