Property Division
Questions
How can a quit claim deed affect my financial future if I transfer my interest in the property to my ex-spouse?
Using a quit claim deed to transfer your interest means you relinquish any ownership rights in the property's title. While this can simplify the transfer, it's important to also be removed from any associated liabilities, such as the mortgage. This is a separate step. Failing to do so without clear protections can impact your credit and financial future if your ex-spouse defaults on the loan.
Resource
Post Real Estate
Learn the steps, considerations and potential challenges with transferring or handling real estate after a divorce is final.
Resource
Post-Divorce Intro
Learn about steps and tasks that need to be completed to implement the agreements outlined in the decree after the divorce is final.
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