Posted on: 15th Dec, 2010 02:02 pm
when i owned several properties and two homes i formed an l.l.c. for each of them. i now have only one in which i live and i allowed the l.l.c. to disolve by not renewing or paying the fees. my insurance company dropped me because i rented it out for a few months. i now need to purchase new insurance but records show the owner as an l.l.c. which makes it expensive to insure.
simple question;
how does the non existant l.l.c. grant the property back to me using a quit claim deed?
more specificly;
with a new quit claim deed i am of corse the grantee but
who is the grantors if the l.l.c. is disolved.
simple question;
how does the non existant l.l.c. grant the property back to me using a quit claim deed?
more specificly;
with a new quit claim deed i am of corse the grantee but
who is the grantors if the l.l.c. is disolved.
Hi eldickey!
Welcome to forums!
If the LLC is still mentioned as the owner of the property, then LLC will have to be the grantor of the property whereas you will be the grantee. Nevertheless, I will suggest you to contact a real estate attorney and take his opinion in this matter.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If the LLC is still mentioned as the owner of the property, then LLC will have to be the grantor of the property whereas you will be the grantee. Nevertheless, I will suggest you to contact a real estate attorney and take his opinion in this matter.
Feel free to ask if you've further queries.
Sussane