What Should We Do With The House?

January 24, 2018

If you’re considering divorce, the first question for most couples is: “What should we do with the house?”

 

The family home is usually the biggest asset to divide. Plus, it’s more than just property. You may have ties to the neighborhood, your kids are happy in their school, and you’ve invested time, energy and love into creating a home there.

 

In this blog posting Jeff Weaver talks about four of the most common questions and how to deal with them.

 

  1. Do we have to refinance the house in a divorce? Can’t we have one spouse’s name removed from the deed?

  2. At what stage of divorce should we start the refinance application process?

  3. The bank is asking for a copy of our divorce decree as a condition for the loan. But we can’t finalize the divorce until we’ve refinanced the mortgage. What should we do?

  4. We have to finalize the divorce now, but the mortgage refinance hasn’t been approved yet. How can I protect myself financially?

 

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