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Updated about 7 years ago,

User Stats

48
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0
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Audrey C.
  • Austin, TX
0
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48
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Warranty deeds changeover from one LLC to another

Audrey C.
  • Austin, TX
Posted

Hello my real estate colleagues, please help me with this question. A few of us have invested with this particular owner/developer with e.g. "AAA LLC" using a promissory note. Recently, I found out with a property search online, that he dissolved this LLC, to a "CCC, LLC" granting a warranty deed from the former to the latter. I am sorry if I am not using the correct verbiage but I hope you get the picture. There was no previous notification of this even happening. What happens now? Anyone who knows the legality of this and want to chime in? Thanks for your responses and time.

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