Can I Keep the House When I Divorce? That Depends…..

When you are considering or in the beginning seasons of divorce you may wonder if you can keep the house.  That will depend on some factors, But either way you should keep it for the right reasons.  Don’t get me wrong I totally get why you would want to, you may have raised your children there or you are just really attached to your marital home or you may just want to stick it to your soon to be Ex.  BUT is it really the right choice for you after the Divorce is final.  Here are some things you need to consider:

$ KNOW WHAT YOU OWE

There are some documents you need to find but the first one is your mortgage  and your latest statement.

 

 

♠ KNOW WHAT YOU OWN

You need a copy of your Deed to make sure how it is titled.

Has it been appraised?  If so you need a copy of that to determine the value. Property Condition will affect the value, there are other factors that might need to be investigated as well like market conditions.  As a Divorce Coach who specializes in Real Estate I will give you answers to these concerns.

¿ KNOW WHAT YOU ARE GETTING STUCK WITH

 

There are other considerations to think about  too; such as, can I afford to make the payments on my own after the Divorce?  Or how much will I have to pay my ex in the Divorce Property Settlement and will I have to refinance it.  This is a good time to consult a Loan Officer before the Divorce Papers are signed.

 

This can be a daunting or overwhelming task especially when you are dealing with all the emotions of a Divorce.

We can offer FREE help click here

¿ KNOW WHAT YOU ARE GETTING STUCK WITH

You should consider a Home Inspection sometime before Divorce Mediation concerning the Property Settlement

by a licensed inspector BEFORE you agree to any property settlement.  After you sign the property settlement divorce agreement or go before the Family Law judge it may not be admissible.

Choose Your TEAM

 

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