Can You Assign A Subject2 Property?
I have a property that I purchased subject2 1 month ago.
I have my LLC as beneficiary and myself as Trustee.
I have recorded the Warranty Deed to Trustee (myself as Trustee) with my county.
My plan was to originally hold onto this property and L/O to a T/Ber.
Now, I have an offer of $3,000 from an investor who wants to take over the deal.
I am wondering how exactly to transfer property in his name when he gives me the $3k assignment fee?
Here is what I'm thinking:
1. assign beneficial interest to my BUYERs LLC
2. certificate of resignation - to resign myself as Trustee
3. appointment of new Trustee - to make BUYER the Trustee
Is that all it takes?
Or, Do I need to give him a Warranty Deed To Trustee also?
And if I do, can I simply deed the property from my LLC to BUYER, as Trustee? (when he records this, my LLC name will be in public records..not sure IF i like that..)
Any ideas?
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