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Updated 12 months ago on . Most recent reply

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Taylor Cook
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Transfer into LLC- Warranty of Quit Claim?! Help!!

Taylor Cook
Posted

Hi everyone. 

Getting ready to close on our second investment property in Colorado. I was told by my closer today that she cannot Quit Claim the Deed into an LLC, but said it would have to be a warranty deed because they cannot prepare as the under writers came down on title companies as it is seen as practicing law.

What are the differences in transferring with a Quitclaim vs a warranty deed? 

Should I find an attorney that can Quit Claim??

Thanks in advance! 

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19,180
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Chris Seveney
  • Investor
  • Virginia
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Taylor Cook

Why you bothering to transfer to LLc? If mortgage is in your name your veil can be easily pierced

Just get an insurance policy

  • Chris Seveney
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7e investments
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