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Quitclaim Deed by Two Individuals to LLC - Alaska

Quitclaim Deed by Two Individuals to LLC - Alaska 2025

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The document is a Quitclaim Deed in which two individuals (Grantors) convey property to a Limited Liability Company (Grantee) for a nominal consideration of ten dollars. It includes legal descriptions of the property, reservations of oil, gas, and minerals by the Grantors, and mentions that the deed is subject to existing easements and rights-of-way. The document requires signatures from the Grantors and notarization.

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Can you quit claim deed a house with a mortgage to an LLC?

Yes, you can Quitclaim it to the LLC . Ive done it many times. However, a few things to consider first. The lender can exercise the ``due on sale clause if the name(s) of the buyer are not the same name(s) as the members identified as the owners of the LLC.

Do both parties need to be present for quit claim deed?

Signing. Generally, only the grantors are required to sign a quit claim deed because a grantor is the one who is giving up property rights. Both spouses are considered the grantors in a quit claim deed conveying jointly held real property to one spouse, and so both spouses must sign the deed in front of a Notary Public

How many people can be on a quitclaim deed?

You can put however many people you want. But quitclaiming part of your interest may not be the best idea.

In which of the following situations could a quit claim deed not be used?

A quitclaim deed cannot be used to warrant that a title is valid. It can convey title, release nominal interests, and remove clouds on title, but it does not guarantee the ownership or validity of the title being transferred.

Can I transfer my mortgage to my LLC?

Whether you can transfer your mortgage to an LLC likely depends on your mortgage agreement and your lender. Depending on the type of loan you received, your lender may not be as receptive to transferring your mortgage.

How does a quit claim deed work in Alaska?

A Quitclaim Deed is often used by owners transferring title without use of a Title Agency; by those transferring a partial interest in the property, or by those who need to reflect a name change such as through marriage, for example. Recording a deed is best handled through a Title Company.

What voids a quit claim deed?

A quitclaim deed is only valid if both parties willingly performed the property transfer. If there is evidence that the grantor was coerced into filing the quitclaim against their will, this is grounds to revoke it.

Who has the deed to my house if I have a mortgage?

You, as the homeowner, typically hold the house deed to your property, even with a mortgage. The house deed and mortgage are separate legal documents with different purposes. A deed proves ownership and transfers title, while a mortgage is a loan agreement.

Quitclaim Deed by Two Individuals to LLC - Alaska 2025

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