Louis Berkman Realty Co. to Lavej Properties Inc., metes, Steubenville Township; lots Glenn and Rebecca Schultz to Robert Gravley, lot 3, Quaker Estates.
Real Estate: Transfer a residential property to a corporation in CA?
Most deeds of trust in CA prohibit a sale or transfer of the mortgaged property without the consent of the lender. So, as Mike correctly notes, call the lender and see what they need to accomplish this. At a minimum, you can expect to have to guarantee any assumption of the loan by the Newco.
On a different note, conventional wisdom says that you should transfer real property to an LLC and not a corporation. If the real property appreciates, you can typically distribute it back to yourself without incurring taxable gain, but the same may not be the case with a corporation.
Disclaimer: All of my responses on Quora are subject to the Disclamer set forth in my Quora Profile.