Quit claim deed for a house that is going from my ex-husband and I to just my ex-husband. No money is exchanging hands. What exemption code do I use? Also in the quit claim I put "in consideration.... $10", should that say zero since no money is changing?
Real Estate Attorney
If it is per court order, then A.R.S. Section 11-1134(A)(5). Otherwise, use (B)(3) for exemption between husband and wife. But, let me also ask, why the quitclaim vs. a general warranty deed? The benefit of the GWD is that the title insurance policy you received when you first purchased the house extends protections for any warranties of title that you provide. If for some reason there was ever a problem, your ex could get protection through the title company via the GWD title warranties. I appreciate that your splitting up and you may have no interest in extending that protection. I am mentioning this so that you are aware of this in case you one day need to deed or receive a deed from a parent or child.
Accessing this website or receiving an electronic transmission from Nagle Law Group, P.C., or any specific attorney at Nagle Law Group, P.C., does not create an attorney-client relationship or any other duty on the part of Nagle Law Group, P.C. An attorney-client relationship is only created upon an express agreement with an attorney at Nagle Law Group, P.C.
2 lawyers agree