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reverse quit claim

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JoAnne Stancampiano

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0.10 Dollars($)

PostPosted: Thu Oct 11, 2007 2:23 pm    Post subject: reverse quit claim

I have my property in a trust, I am the owner of the trust. I cannot get homeowner's insurance while the property is in a trust. I have to get the property out of the trust and into my name. I was told I need to do a reverse quit claim? Do you have any suggestions?
 
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Michel

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PostPosted: Thu Oct 11, 2007 10:06 pm    Post subject:

Hi,

If you had transferred the ownership of your property to a trust using a quit claim, then you have to do a reverse quit claim in order to get that back into your name.
 
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Icon Mini Profile jenkin7



Joined: 04 Jun 2007

Posts: 939



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PostPosted: Thu Oct 11, 2007 10:35 pm    Post subject:

Hello Joanne,

Yes, you have to do a reverse quit claim to get the property back to your name. The process is like, you as a trustee will do a reverse quit claim to you as an individual. If you have any co-trustee, you need to take his consent and signature.
 
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Jonny

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PostPosted: Thu Oct 11, 2007 10:43 pm    Post subject:

It is very difficult to make a reverse quitclaim. If you have any co-trustee, then he also need to sign the quite claim, otherwise it would not be possible for you to do the reverse quitclaim.
 
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Icon Mini Profile liaoyu03



Joined: 09 Sep 2007

Posts: 213



9.09 Dollars($)

PostPosted: Fri Oct 12, 2007 7:39 am    Post subject:

As waht you have been told, you should do a reverse quit-claim deed for getting your property again.
 
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