William Demjan to Andrew and Sara Henry, part lot 14 and lots 5, 6 and 15, Beverly Hills Eighth (survivorship). Mei Li to Zachary Braham, lot 108, Saltsman’s

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.