Harry Tran
Quit Claim and Lifetime Gift tax
If anyone can provide some info it would be kindly appreciated. My Uncle wants to quit claim one of his properties to me. The property has been paid off and he is basically gifting it to me. Would he be able to claim ...
Melissa Bovee
Insurance Claim: to file or not?
Hello all. I’ve taken over management of a commercial shopping center (from my dad who passed away) over the last 2 years. Steep learning curve. This week we had a water line rupture. Several of our tenants had to clo...
Roberto Westerband
Warranty Deed vs. Quit Claim Deed
If a property is transferred to an LLC, what are the pros/cons of using a Warrant Deed vs. a Quit Claim Deed? In addition, will the title insurance policy still cover the investment property once the deed is transferr...
Cynthia Hartley
Quit Claim Deed for Washington, DC
I purchased a SFH as a rental in my name. After extensive renovation - which will be presented in another post at another time - I got the house rented and now wanted to put the property into an LLC. However, I could ...
Samantha M.
Clearing Title With Quick Claim Deed
When there is cloud on title (lien, encumbrance etc.) and money owed, how exactly does a quick claim deed clear title and remove these defects? I have read around a bit but I am unclear how the quick claim deed precis...
Kazi R.
Quit claim deed or warranty deed?
I am trying to refinance a rental property that is owned by my LLC. When I transferred the title of the property from my personal name to my LLC couple of years back, I used quit claim deed (thus unknowingly losing ow...
Mike C.
How To Prevent Adverse Possession Claim
We bought a SFR on .6 acre. From the previous owner we obtained a plat that is quite detailed but does not seem to have been recorded as when I went to the county records office there was no plat found recorded for ou...
Rob B.
Small Claims Court for back Utilities
I sold a property in Lancaster, CA back in November. I made the mistake of not switching over the utilities. Then I received a bill from the Utility company for December and part of January. We reached out to the buye...
Andy R.
Who claims income w/ 50% ownership
Hello all,I’m in the process of doing taxes and my CPA is suggesting I split my income and expenses 50/50.I have a mortgage on a property with a relative (to help me qualify for the mortgage) and my relative is also o...
Account Closed
Quit claim deed after BK Discharge
I found someone that had a BK discharge 2 years ago and abandoned the property. The banks have not initiated foreclosure probably due to being so underwater.
Would it be a good idea to have the homeowner quit clai...