When You Shouldn't Use A Quit Claim Deed

When should you use a quit claim deed? There is a time and a place where they should and shouldn't be used so watch to learn more.
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ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

[nettyheartsyou]

There's a vacant land im interested but ill buy it via quit claim deed. Will that be a smart move? Thanks

[essamkhattab]

What's the other option available beside QCD to transfer a property to a trust?

[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?

[Bob-sm]

Was thinking about buying cheap land from this guy who resales tax deeds in Georgia. It would have to be by quitclaim cause the redemption period for the owner ends in August. Could I buy it with an llc, and if so would this ruin my anonymity?

[ramonmcdonald]

Is this only for when you’ve already purchased the property in your name and want to switch over? Is it ok if you get approved for a loan in your name and then need to switch over at the closing table?

[kwesi-annbrown]

My father put my name on a quit claim deed without my permission. What should I do if I don't want the property?

[oscarpeddiford]

Why would it matter if the property owner is transferring property into their own Trust, in which that Trust is titled in their own name?

[batlady]

Whom has the world detail sentenced viable

[ivanbrosky]

What if a parent wants to pass their house down to a child after they pass? Is a quit claim deed ok?

[coach]

How should we go about putting into an llc