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Updated over 6 years ago on . Most recent reply
Quit Claim Deed Georgia - Personal to LLC
Hey BPers - I have a rental property for which the loan is in my name. However, I would like to transfer the loan to my LLC. I've been trying to Google the process for GA but the internet has been a little vague.
Has anyone done this in Georgia and is it as painful as it seems?
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There is a box on the PT-61 to check for related party transaction. That exempts it from transfer tax and property tax reassessment based on sale. The only fee is recording charged by the Clerk of Courts