The ideal would be if they were in entities (like an LLC) because she could sell you her interest in the entities themselves instead of transferring ownership of the properties.

Hey Parker, I went to KSU for one year then transferred to FL to finish my undergrad.  

If you are talking about title binding insurance, yes, i find it totally worth it if you are flipping because the title company will normally charge a far lower fee to do the title work/transfer upon the sale of your flip.

If she did that, and still wanted to live there (me paying her power consumption) I could get WE energies to pull the meter.Once I transfer the service back into my name- WE energies will put the meter back and I will start fresh.

I have to verify this information,  but a case can be opened, where the property goes back to the city, the IRS is notified (as well as all other parties, again), and the property is transferred back to me.

You take distributions out of any LLC by simply transferring money out of the account.

I though quieting title was the legal process of expunging liens, you're telling me the procedure simply is there to "perfect" your title making it more transferable?

If the IRS initiates an audit and found that the transfer was done to avoid taxes in a fraudulent manner you are in for a world of trouble. 8)

With the larger gifting options through 2012, we'll probably be able to stop worrying about it alltogether, as the ownership will be transferred completely by the end of the year.Thanks for asking!...

I am currently renting her house and it is still in her name (maiden name) but I want to transfer "quit claim" it to my LLC, are there any complications I should worry about, bank calling the note?