Divorce affects everything in our life, whether we like it or not, especially if you have children. None of the decisions that you make during this time will be easy, but many decisions will be required of both you and your spouse/partner.
One of the most difficult aspects of a divorce can be the splitting of combined assets. This includes your home. Understanding your options and their potential consequences (good or bad), will help a great deal in arriving at the best solution for your circumstances.
First you need to decide who if anyone wants (or needs) to live in the house. Many times neither party wishes to stay in the home due unpleasant memories. Other times, the court may decide which party (if any) will stay in the house.
Here are the 4 fundamental choices as it relates to your home and mortgage. It is critical to fully understand the consequences of each of these 4 choices, before making a decision.
This is not a complete list of things that are important to be aware of.
To help you know what questions you should ask and how to arrive at the right answer for your specific situation, please leave your contact information here: Contact Us. We'll contact you shortly to find out how to make this part of your current situation less stressful.