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Updated almost 10 years ago on .

User Stats

18
Posts
1
Votes
Sadio C.
  • Specialist
  • Philadelphia, PA
1
Votes |
18
Posts

Deed Transfer in Philadelphia, PA

Sadio C.
  • Specialist
  • Philadelphia, PA
Posted

Hi,

I need your help in the situation below:

1 - I have bought a property at Philadelphia, PA Sheriff Sale (4 months ago). It was a tax sale.

2 - I have formed my LLC 1 month ago

3 - My friend has recorded the property deed under his name because my entity was not formed yet, and I live out of the country.

Now we want to transfer the property to my LLC. How can we do that without paying any extra money ?

For your info the property worths $50k and I bought it at $21k. It needs about $15k rehab. I don't have any money left.

My same friend owes me $20k. 

I need ideas about how to transfer the property to my LLC.

Thank you