Transfer To LLC And Sell To Avoid Deed Of Trust
The property has various liens 1st, 2nd, IRS & others. The owners subdivide into four parcels then Deed the parcels to their LLC. Then sell the 3 of the parcels. The Title Company did not find the 1st and 2nd DEED of TRUST on the original property and Deeds were recorded. Now Beneficiaries on the 2nd Deed of Trust is now in foreclosing on the all the new parcels. What happens to the new Owners if the all property is sold at auction and who gets title?
Yes, you are responsible, you employed your tenant (which I would never do).
Thanks God, nothing bad happened ... Pay the bill