Real Estate Deed Transfers

A real estate deed transfer is used to change, add, or remove a person’s name from the property title.

 

 What is this?

If you want to add or remove a person’s name from your property title, gift a piece of property, or place your property into a trust or entity, a deed must be prepared to show the change in ownership. The exact requirements and formatting vary county to county, so it is important to have a professional prepare your deed.

Why would I need a real estate deed transfer?

  1. Putting your property into your living trust
  2. When using a land trust in your real estate investing business structure
  3. After the death of someone who is listed on a deed

 

With Anderson, you get:

  1. Research to determine the exact legal description of your property
  2. Filing of your real estate deed with your County Recorder’s Office
  3. When required, review by an attorney licensed in the jurisdiction of the real property
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Additional Real Estate Information

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Take a look at these actual client stories to see how much of a difference an Anderson plan can make.

“$2 million lawsuit reduced to $100,000 settlement

We set up a Nevada LLC for a client with significant savings. She was sued 3 years later for an environmental claim stemming from property she owned over 30 years before. Plaintiff wanted over $2 million in damages for the cleanup. After we disclosed that her assets were protected by a Nevada LLC and a HELOC on her residence Plaintiff accepted less than $100k in a settlement.

“Avoided $5.5 million judgement”

A bank wanted to pursue one of our clients for a deficiency judgement ($5.5 million) for commercial real estate he lost in foreclosure. Once the bank found out how we protected all of our clients remaining assets with LLCs and a Nevada holding LLC the bank’s attorney stated “we decline to seek a deficiency judgment given the complicated structure you have weaved for yourself”.

“$1 Million in personal liability avoided

Our client purchased property in a LLC and it was later discovered the soil beneath the property was contaminated. The state sued the LLC to clean up the land. Client walked away from the property without any personal liability. Without the LLC he would have been on the hook for over $1 million.

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