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Updated almost 7 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Jerry Collins
  • Investor
  • Bowie, MD
0
Votes |
7
Posts

Quitclaim LLC to family property

Jerry Collins
  • Investor
  • Bowie, MD
Posted

Hello BP,

I have an elderly mother that my wife and I are caring for, so last year we moved into her home and started to renovate it. We planned to buy a new home at first but decided to fix my mothers home up, purchase a new home where we all would live and rent out the newly renovated home.

My mother wants to add us to the deed so, I wanted to know if my wife and I formed an LLC would we be able to add it to the

Deed or would it have to be added in our names only? The home currently has a mortgage so I know that may pose an issue with the

mortgage company.

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