Posted by B.L.Renfrow on August 21, 2003 at 01:10:18:
If title is held by the trust and you are trustee, yes, you should be able to sign a quit-claim deed without a problem. But the larger question is, why are you the trustee if you also hold beneficial interest? That’s not the way it’s supposed to be done if you value your anonymity.
Brian (NY)
Can I quit claim as a Trustee? - Posted by David_C
Posted by David_C on August 20, 2003 at 11:32:22:
I took a house sub2 in the beginning of the year that didn’t have much room for a profit. Did a promissary note to new occupant for 10k. He is a mortgage broker and wants to get house in his name in order to refi.
My question is: Since I am the Trustee, am I able to just quitclaim the house out of the trust into his name, or do I have to get the original owners to do a quit claim?
Thanks for any help!
David