Should I use grant deed or quitclaim deed in order to convey my property into a revocable living trust?

Bankruptcy and Debt 8 views 5 answers
I heard people says quitclaim deed is no good because it doesn't proof you own the property. Is this true? But if I use grant deed, how does it affect my lender?

Attorney Answers

5
Gregory Glaser ·
When transferring real property into a revocable living trust, the best practice is to use a template with this title, "grant deed (trust transfer)". If you are unfamiliar with how to complete this deed (and the PCOR you'll use when recording it with your local county), I suggest hiring a local attorney to assist you. Note: quitclaim deeds are fine proof that a person owns property. The general reason quitclaim deeds are not used more frequently in real property transfers is due to the difficulty (or increased expense) in obtaining title insurance when closing escrow on certain properties.
0 upvotes
Frank Chen ·
Use a grant deed. It does not affect your property's loan.
0 upvotes

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