Legal Question in Real Estate Law in Florida

Quit Claim to LLC's

I'd like to quit claim deed my rental properties to mine and my wifes LLC. Initially, I wanted the mortgage loans under the LLC, but had trouble finding a lender willing to do it. Naturally, because the loan was under my name at closing, so was/is the title.

My question is - other than the loan remaining in my name, if I quit claim to the LLC, will I be as equally protected as if I'd titled them to the LLC at the time of purchase? I just want to separate my personal assets from my investment assets. Or is quit claiming them a wasted effort at this point?

Many thanks.


Asked on 4/15/04, 7:10 pm

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Re: Quit Claim to LLC's

I doubt you lender will approve.

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Answered on 4/15/04, 9:53 pm


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