How Quitclaim Deeds Work in Arizona Divorces

Dividing assets and liabilities in a divorce can be an excruciating process, especially when it comes to the family home. Unlike bank accounts and retirement plans, you can’t just divide a house down the middle. The issue can be even more challenging when there’s a significant amount of equity in the property that needs to be divided. Regardless of what the final decision is, somebody is going to have to transfer their interest in the house. In the most common scenario, the departing spouse will transfer their interest in the property to their former spouse. When that’s not possible, the judge may order the house be placed on the market for sale and the proceeds distributed equally between both parties (and any creditors with a lien on the property). As anyone who has gone through the process of buying or selling a home can attest, selling a house can be a long and costly process. Unfortunately, time and money aren’t a luxury in a divorce case where…

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