When real estate owners get divorced, they usually face decisions about mortgages. These decisions are important because they directly impact future financial well-being. It is best to educate yourself about the options and seek the advice of a professional mortgage broker.
Throughout the divorce process, equitable distribution becomes a major factor. If a couple owns real estate, several issues must be decided; i.e., Will the marital domicile be sold? Will one spouse buy out the other? And, most important, if there are children, how will this affect them?
Divorce and Real Estate… often the two are dealt with at the same time. When divorcing couples decide it is necessary to sell their marital residence and move to new separate residences, which is stressful under the best of circumstances is stressful, becomes even more so. Following are a few things that all homeowners should keep in mind when selling a house and then buying a house.
After sixteen years of marriage and twenty-one years of partnership, my husband is no longer interested in our marriage. He’s checked out, he wants to divorce and yet we can’t afford to separate. The budget is carefully examined and the bills are considered. Daycare is a problem. So, what do we do?