No, Carl, a lender can't stop you from deeding the RE to a corp or an LLC......the lender can invoke the due on sale clause, though and that's THE problem.
If you want to make an S corp election the form is 2553 NOT 8832.....use 8832 to elect C corp status and OF COURSE the courts won't recognize an LLC with an S corp election as an S corp because it would be a STATE COURT and state courts recognize what's organized at that level WHICH IS AN LLC!
Have to say it's hard to find a post with so much misleading info in it as Carl's.
