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Updated about 11 years ago on . Most recent reply

User Stats

148
Posts
34
Votes
Mitchell L.
  • Residential Real Estate Broker
  • Dania, FL
34
Votes |
148
Posts

Transferring Title in Property from Personal Name to LLC via Quitclaim Deed

Mitchell L.
  • Residential Real Estate Broker
  • Dania, FL
Posted

Hello All,

If one takes a property owned in personal name and transfers title via quitclaim deed to an LLC for a long-term hold, how bad is this? I read that title insurance is lost and this can be very dangerous in the long-term. Is it possible to take that property and transfer title via a warranty deed back into the same llc or has to be a different one? Any other recommendations for properties that are now in an LLC but transfered via a quictlaim deed that are long-term holds?

Thank you!

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