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The best route to pull money out of equity in a divorce.

Posted on: 09th Feb, 2011 04:40 pm
what is a best route to take in getting equity out of a house, or would a quit deed be better? after a year was agreed to wait on pulling out the money.
Welcome ajabbot,

Both the spouses can sell off the property after divorce, pay off the mortgage in full and then divide the excess amount resulting from the sale amongst themselves. Thus, both of them will get their share of equity from the property.
Posted on: 09th Feb, 2011 06:56 pm
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