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Hide Amount Field from the Quitclaim Deed

Hide Amount Field from the Quitclaim Deed

Aug 6th, 2022

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How to Hide Amount Field from the Quitclaim Deed

4.8 out of 5

27 votes

The speaker emphasizes that a common mistake when transferring property into a limited liability company (LLC) is the use of a quit claim deed. It is advised against because it does not provide warranties, meaning it offers no assurance about the property’s title. Using a quit claim deed indicates that the individual is behind the LLC, as their name does not appear on the deed. In contrast, when purchasing property, buyers typically receive a warranty deed, which implies a guarantee of clear title. Therefore, it's crucial to avoid quit claim deeds when transferring ownership to ensure proper legal protection and clarity in transactions.

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