Once you and your spouse make the decision to go your separate ways, there are several factors you need to take into account. It’s almost impossible to find two divorce situations that are exactly the same, so it’s best to carve out the path you will follow as early as possible. Many decisions will call for your attention, touching on every aspect of your shared lives. A large part of that involves around your children, if there are any. Another typical bone of contention is the marital home.
Making the decision on what to do with the house is a challenge for any couple. The following post describes some of the common issues associated with home ownership during the divorce process:
Common Problems Regarding Home Ownership During Separation, Divorce, or Dissolution
Home ownership can represent some significant challenges when a couple decides to divorce—particularly if one or both spouses want to sell the home before the divorce is finalized.
And while community property law applies whether or not a spouse continues to live in a home he or she partly owns, there are concerns about other factors that can arise — particularly when one spouse has moved out of the home.
These include questions of who will be responsible for mortgage payments, property taxes and insurance. Read more at Family Law Attorney Cal…
You need to pay attention to the other responsibilities you have regarding the house, such as mortgage payment or taxes, among others.
There are several ways you can approach the problem of mortgage during a divorce. Craig Berry highlights them in the following post:
Mortgage Options That Help When Facing Divorce
In the United States, a divorce occurs every 13 seconds. When you add shared homeownership to divorce, things can get even more complicated.
Homeowners going through a divorce face a variety of difficult matters. Your home is typically the largest shared asset, from both a financial standpoint as well as a sentimental one.
The decisions made concerning the home are crucial to long-term financial well-being. Knowing your options as you prepare for separation can make the notion of divorce easier to manage. Here are a few recommended options you may want to consider. Read more at My Mortgage Insider…
If none of you wants to stay in the house, then selling it would be your best option, as it will allow you to clear your mortgage and have enough left over for other things.
In a case in which one of the spouses acquires the home by buying out the other’s share, there are legal expectations that must be met. This is especially the case when the house was bought in both spouses’ names. Jeffrey Lalloway explains more about this in the following post:
How to remove your name from a house deed after a divorce
One very popular question that I frequently receive is how to remove your name from a house deed after a divorce.
Often, a divorcing couple’s most valuable asset is their marital home. In a divorce, couples are concerned about how to divide the equity in their home, which is the difference between what the home is worth and any loan on the property.
To divide the equity, the house must either be sold or one of the spouses can buy-out the other’s interest. Read more at OC Divorce…
Removing your name is important to eliminate any liability for the legal responsibilities associated with the house.
In a case in which you opt to sell the property to a third party, you can always short sell it or choose to sell it to a real estate investor.
If you are looking for a real estate investor to whom you can sell your house fast in Opa Locka FL, then Sell Fast Fair Offer is the company to work with. We specialize in buying houses directly from sellers. Our job is to help you sell quickly and conveniently, at your own pace.
We will give you an offer within 24 hours after you contact us – one you will be very happy with. Afterwards, you get to choose when you want the closing done. You don’t have to worry about seller’s fees or commissions; we’ve got you covered. Call us today on (305) 590-8500 or visit our website for more information.