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Updated about 7 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Kirk J.
  • Real Estate Investor
  • Saint Louis, MO
0
Votes |
4
Posts

Getting a Property out of my name

Kirk J.
  • Real Estate Investor
  • Saint Louis, MO
Posted

What is the best way to get a property out your name quickly? I'm considering doing a Quit claim deed to put the property under my LLC. This would only be for a short period of time(i.e. 2 months). Property has a mortgage.

A quit claim deed would violate my deed but a trust does not.  If I used a quit claim, will the information be reported to my Mortgage company before I am able to change it back into my personal name? Are there rules around transferring the property back into my name?

Is using a trust a better option? 

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