When you should NEVER use a Quit Claim Deed
In the vast majority of cases where property ownership is transferred, a quit claim deed should never be used. The primary reason is that using a #quitclaimdeed or #QCD will extinguish coverage under your owner’s title insurance policy. This is especially important when investors purchase property individually and then use a QCD to transfer the property to a trust or LLC. Watch this short #tipoftheday video and learn how this can be mitigated in a super simple way.
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When not to use a Quit Claim Deed
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