Posted on: 20th Nov, 2009 09:33 am
Colorado real estate of my mother-in-law's estate to be transferred to LLC formed by heirs. Is this a warranty deed transfer?
Hi mpaclinic!
Welcome to forums!
As far as I know, a warranty deed can be used if there is no mortgage on the property. If there's a mortgage on the property, then the heirs will have to use a quitclaim deed in order to transfer the property into an LLC.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As far as I know, a warranty deed can be used if there is no mortgage on the property. If there's a mortgage on the property, then the heirs will have to use a quitclaim deed in order to transfer the property into an LLC.
Feel free to ask if you've further queries.
Sussane