Hello All,
I need to transfer a rental property owned by single member llc (s-corp) (kansas) into our personal name.
a) Will a simple 1-2 page notarized Quit Claim Deed be sufficient that I can record with the county clerk?
b) this is to get a 30 yr mortage thru our bank that has told us that it is requirement of the FNMA / Secondary Market that the property should be in our personal name for atleast 6 months … any way to bypass this requirement??
c) anybody has a sample Quit Claim Deed they can share? Thanks.
Any issues later when selling the property / titlework etc.?
Thanks in advance, S.