Legal Question in Real Estate Law in Florida
I bough a short sale property on november 2009 and I got a title insurance on my name. Recently I open an LLC with my sisters and quit claim deed the property on the name of the LLC.
My question is:
Do I need to get a new title insurance on the name of the LLC? Do you think that we are protected? I would appreciate your answer about my concern buying short sales properties and title insurance. Sincerely, Marie
Asked on 5/02/10, 7:26 pm
1 Answer from Attorneys
David Slater
David P. Slater, Esq.
Read the title report. I doubt it covers new owners.
Answered on 5/08/10, 3:53 am