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05-06-2008, 05:48 PM #1
Renter
- Join Date
- May 2008
- Posts
- 1
owner is an expired LLC
I am getting ready to buy a house from someone who has the house deeded into his LLC. He hasn't renewed his LLC papers or whatever he needs to do with the state for several years. What will he need to do in order to transfer ownership to me?
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05-14-2008, 08:33 PM #2
Fixer Upper
- Join Date
- May 2007
- Posts
- 43
The ownership or title transfer is usually handled by the seller's attorney and the closing agent. You don't have to know how they do it. As long as they can transfer a clear title to you and you can get title insurance on it, you should be fine. Make sure your contract is contingent on a clear title. Meanwhile, You do need to have a real estate attorney on your side to oversee the purchasing process and represent you at the closing.
Last edited by bmc; 05-16-2008 at 09:29 PM.
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05-16-2008, 07:45 PM #3
Fixer Upper
- Join Date
- May 2008
- Posts
- 70
ask him to settle everything before you pay in full..
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