How Do You Use A Quit Claim Deed During A Divorce?
Quit Claim deeds are typically used by married couples seeking a divorce. A divorce is a difficult time for couples and having to divide the assets can only add to the pain. When you make the decision to grant ownership to the other party a Quit Claim Deed is used to legally convey the property. Step 1 Have a discussion with your ex to reach an amicable agreement about the property. Ask your ex to refinance the property. Discuss a “buy out option” where you share the equity in the home. Step 2 Download a quitclaim form available on the Internet should you decide to do it yourself. If you do not understand the terminology of the contract, consult with an attorney. Step 3 Prepare an accurate description of the property you are conveying, including the address, parcel number and legal description. State who the grantor and grantee will be. Step 4 Find out if your state requires an attorney to file a quitclaim. You can also use title companies and paralegals to prepare and file the forms.
