<prompt> Human: For a friend. We moved overseas at the same time a few years ago. He rented his house while out of the country. Tried to refinance while there, and didnt quite realize that his refinance option was a mortgage designed for landlords. The terms were not bad. It just meant that his LTV requirement went from 80 to 70 if he wanted to get rid of PMI.I told him about NACA, and he thought of this plan to transfer his house to an LLC, which he will manage. He figured that since the LLC will own the house, then he will qualify for NACAs requirement for not owning any second homes.I dont even know if NACA will allow this. Im more curious about if he can transfer the house to an LLC. If he can, then what are the steps to doing so?Im interested now especially from a privacy standpoint. If the LLC owns the house, no one can search for my address on the countys property appraisers site.  <response>: Your friend is more than likely asking for a lot of trouble transferring the house to an LLC in order to qualify for the NACA program. If discovered, he will be automatically disqualified for concealment of assets and that could actually mushroom into charges of attempted mortgage fraud if it gets to the bank. Furthermore, transferring the deed to an LLC does not transfer the liability for the mortgage on the property, and it will still be on his credit report. Just simply not a good idea at all. Dont do it, period.Tim TrumbleOnline Operations, NACA 