When not to use a Quit Claim Deed

When you should NEVER use a Quit Claim Deed

In the vast majority of cases where property ownership is transferred, a quit claim deed should never be used. The primary reason is that using a #quitclaimdeed or #QCD will extinguish coverage under your owner’s title insurance policy. This is especially important when investors purchase property individually and then use a QCD to transfer the property to a trust or LLC. Watch this short #tipoftheday video and learn how this can be mitigated in a super simple way.

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[gthomps]

What if I own a property under an LLC and just want to put it in my name so I can do a cash out refi in my name?

[cattychong]

Your video explained why the quit claim deed should not be used. Just want to confirm with you, If I want to move the property to the living trust, I should use warranty deed to move the property under the living trust name. Am I correct?

[seanm]

Why wouldn’t I transfer, via Quit Claim, MY clear title personal property to MY LLC?

[gilbertomartinez]

what if the grantor, my decedent father´s wife, transfers her property which I am entitled half of its value according to Florida Statutes "If there are one or more surviving descendants of the decedent who are not lineal descendants of the surviving spouse, one-half of the intestate estate."?

[britster]

I need help so bad im a signle mother i was taking care ofvmy grandmother before sge died my uncle already stole my corvette and now im getting served this quit claim deed

[nubiancutie]

What if the owner of a property owes a balance on a promissory note to the heirs (children) of an estate. The deceased (Dad) of the estate gave the deed to the owner with a promissory note.
The owner defaulted on the promissory note in the amount of 45K with interest which was owed to the heirs. One of the heirs who is also Executor of the estate wanted to acquire the property back to the family name. So, he entered into a Quit claim, and paid the owner 10K for the property without other heir’s knowledge or consent.

What questions should I ask to make sure the Quit Claim was legitimate? Is a Quit Claim appropriate for the above situation. Do the heirs still get the promissory note balance or accelerated interest in the amount of 45K? How do I ensure my amount of equity does not decrease due to bad decisions in the future joint-ownership potential or buy out position ? Can I contest this Quit claim transaction due to my absence?

[sharonmadkins]

Can I file a claim I'm the Grantee (fire damage)