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Updated 10 months ago on . Most recent reply
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Selling from my LLC to my personal name. Quit Claim or Warranty Deed?
I am wondering what's the best type of deed to use to sell a vacant lot I have from my LLC to my personal name. I am going to build a house on it with cash and live in it. I will probably sell it after 2-3 years.
Should I use a Warranty Deed or a Quit Claim Deed? I don't want to get title insurance if I can avoid it because I know I own it. I don't need it to get a building loan because I'm building with cash.
I thought a Warranty Deed would be better so nobody in the future has any questions about chain of ownership. But I don't want to do this if it's not 100% necessary because then the title company will force me to purchase a new title insurance policy.