Dividing Your House in a Divorce
Stuck paying for a house that’s no longer yours? Buying your spouse out of a property can be dicey, especially if both parties disagree with one another on the debt and equity objectives. So here are some ways to separate and pay off an ex-spouse when getting a mortgage.
Net Yet Divorced or Separated?
First, if you and your ex are still legally married, but are not yet legally separated or officially divorced, this can pose problems related to the scope of the desired split when separating property and liens (loans).
If you’re buying a home for yourself, your spouse would…Read the entire article by Scott Sheldon on Credit.com