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QUITCLAIM DEED

I would like to know if I have a commercial property in my name and I quit claim it to a coorporation I own ,Does it still show if I ever get sewed as a property they can put a lein on ?Or being owned by a coorporation that takes it off my name personally ?

larry2's picture
larry2 | Joined: June 27, 2007 02:50 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi REHGADNET.

Welcome to the forum.

You can quitclaim the property to anyone but if this is a mortgaged property then you will have to take permission from the lender before you sign the quitclaim deed. BTW the lender can also ask the grantee to [url=http://www.mortgagefit.com/refinance.html]refinance[/url] the mortgage on his name.

But there is any other liens attached on the property, the lien holder can still claim it even after you quitclaim the property to anyone.

Feel free to ask if you have further questions.

Best of luck,
Larry

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:44 | Post subject:

jheard's picture
jheard | Joined: December 12, 2007 08:20 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

If you transfer the propert to a corporation, it will be in the corporation's name, not yours. Therefore, no one who has a judgment against you personally can get the property.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:44 | Post subject:

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