Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

Quit Claim Deed to an LLC

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Kelli,

You can transfer property into name of LLC. For that on the quit claim deed you will be named as the grantor and need to put the name of LLC as the grantee.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:05 | Post subject:

carnahandavid's picture
carnahandavid | Joined: December 21, 2006 04:07 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Like Gruen said, you can transfer the home in the name of LLC you have created. Many people do create a LLC and transfer their property into its name as it is one of the common ways of asset protection.

After completing the quit claim deed, you will have to get it notarized and recorded with your local county recorder's office. You can do all this by yourself but I would suggest you take help of an attorney to complete this process.

David

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:05 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

[quote:12835208fc]Can you quit claim deed your home to your business, an LLC?[/quote:12835208fc]
kelli, i would like to know if there is a mortgage on the home...

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:05 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

yes kelli, if there is a mortgage then you need to talk to lender first before quit claiming the home into the LLC.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:05 | Post subject:

Page loaded in 0.857 seconds.