I transferred my properties from personal name to an LLC by doing a Quit Claim Deed.If you own your properties out right you should be OK but if you have a loan on them banks might have issue with the transfer because of guarantee.

http://definitions.uslegal.com/w/wild-deed/I purchased an REO property to fix and flip, and the quit claim deed before mine was from Indymac Bank to Deutsche Bank.

Neither one of us in my opinion can back up our claim what the house is really worth without any real proof that our "guessed" values is the "real" value.

Disclaimer: I don't know Alabama customs or statutory requirements.

. -------------------------------------3)(a) Upon the vacating of the premises for termination of the lease, if the LANDLORD does not intend to impose a claim on the security deposit, the LANDLORD shall have 15 days to return the security deposit together with interest if otherwise required, or the LANDLORD shall have 30 days to give the Tenant written notice by certified mail to the Tenants last known mailing address of his intention to impose a claim on the deposit, and the reason for imposing the claim.

Can you sell a property with a 50k mortgage for 1,000$ dollars and not satisfy the mortgage just quit claim it to a new buyer?

Never obtained a GC license(due to unwanted liability) and Built 44 custom spec homes in UT and around 50 in other States.

Q #2) Can the brother claim the property even though he waived all interest in the property via quitclaim?

Thinking about customizing a little bit, but would like to see detailed plans for a house to research.For a good set of plans what should one be willing to spend?

Listed below is a summary of my financial and credit profile: Income/Savings:94K annual income (58K from primary employer + 36K combined from part-time work)20K in savings and have an additional 20K towards a downpaymentCredit scores: TransUnion 649, Experian 665, and Equifax 637 as of 12/10/11; credit simulator claims that my scores should jump ~20 points if I pay off my credit card balancesDebt:About 3K in credit card debt; all currentAbout 380K in student loan debt (majority from medical school); but all student loans are current and in deferment.