.________________________________ ________________________________Grantor’s Signature Grantor’s Signature________________________________ ________________________________Grantor’s Name Grantor’s Name________________________________ ________________________________Address Address________________________________ ________________________________City, State & Zip City, State & ZipIn Witness Whereof,________________________________ ________________________________Witness’s Signature Witness’s Signature________________________________ ________________________________Witness’s Name Witness’s Name________________________________ ________________________________Address Address________________________________ ________________________________City, State & Zip City, State & ZipSTATE OF ________________COUNTY OF ___________________I, the undersigned, a Notary Public in and for said County, in said State, hereby certify that ______________________________ whose names are signed to the foregoing instrument, and who is known to me, acknowledged before me on this day that, being informed of the contents of the instrument, they, executed the same voluntarily on the day the same bears date.Given under my hand this ____ day of ____________________, 20___.

For example, if you were wantonly negligent in repairing a known problem at the property and someone was injured or killed, the law isn't going to allow you to hide behind a legal instrument, especially if you are the sole member and actively involved in day to day operations. 

Check the instrument number or book/page number of both, they should be in sequential order and will tell you the position. 

For example, if I say "These funds need to be for a rainy day in case I need them," then it may be much easier to determine how you'd like to allocate them, since...in that scenario, liquidity and access would be significantly important, then often liquid banking instruments that may not pay a great rate of return seems more appropriate because the point is access and not necessarily ROI.

He works for Honeywell doing instrumentation. 

“The recordation of an instrument facially valid but without underlying merit will give rise to an action for slander of title.

The wrong name is put on an instrument or a name is misspelled, the wrong legal is used, the docs get recorded in the wrong county etc. 

To address the long-standing question and mythical answers of "can I quit claim into an LLC" the answer is yes, BUTUnless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:a limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.Here is where this can be found under Fannie's Guidelines:  https://servicing-guide.fanniemae.com/THE-SERVICING-GUIDE/Part-D-Providing-Solutions-to-a-Borrower/Subpart-D1-Assisting-the-Borrower-with-Property-Related/Chapter-D1-4-Transfers-of-Ownership/Section-D1-4-1-Information-Relating-to-Transfers-of-Owner/D1-4-1-02-Allowable-Exemptions-Due-to-the-Type-of-Transfer/1041300841/D1-4-1-02-Allowable-Exemptions-Due-to-the-Type-of-Transfer-09-09-2020.htm?

touchpoint=guideHere is the language:Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:A transfer of the property (or, if the borrower is an inter vivos revocable trust, a transfer of a beneficial interest in the trust) toa limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.For a mortgage loan acquired by Fannie Mae after June 1, 2007, if a servicer reasonably believes that a due-on-transfer provision is unenforceable by law or would not be enforced by a court, the servicer is authorized to approve a transfer of an interest in the mortgaged property or a direct or indirect interest in the borrower (if an entity), provided the servicer has notified Fannie Mae’s Legal department (see F-4-03, List of Contacts) of the reason for its belief and Fannie Mae has either sent a notice of non-objection to the proposed transfer or not responded within 60 days of its receipt of the notice.The servicer must notify the applicable property insurance companies, tax authorities, the mortgage insurer, and any other interested parties when it processes a transfer of ownership.

James Kats is a Sioux Falls Investor and Agent and has been instrumental in this process.