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Replace Phone Field from the Quitclaim Deed

Replace Phone Field from the Quitclaim Deed

Aug 6th, 2022

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How to Replace Phone Field from the Quitclaim Deed

5 out of 5

13 votes

The speaker emphasizes a critical mistake when transferring property to a limited liability company (LLC): using a quit claim deed. They explain that a quit claim deed does not provide warranties and fails to truly transfer property ownership. Instead, it simply indicates that the person behind the LLC, even if their name isn't on the transaction, is the same person handling both sides. When purchasing property, buyers typically receive a warranty deed, which provides assurance of ownership. Consequently, the speaker warns against using quit claim deeds for property transfers to ensure better legal protection and clarity in ownership.

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