Quitclaim Deed To Llc
Summary
Transferring a home to an LLC using a quitclaim deed wont prevent foreclosure if obligations are unmet. It may be seen as fraudulent conveyance. Consult a legal professional for advice.Full Conversation
can I quit claim deed my Florida home to an LLC before it goes into foreclosure/bankruptcy
Hi ****! Before transferring your home to an LLC, consider the following:
- A quitclaim deed can transfer property ownership, but it won't prevent foreclosure/bankruptcy if obligations remain unmet.
- Transferring a property when facing foreclosure might be seen as fraudulent conveyance.
- Consult a legal professional to explore consequences and alternatives.
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