What happens if one spouse wants to keep the home but can't qualify for a mortgage on their own?
If one spouse wants to keep the home but can't qualify for a mortgage independently, they might consider a co-signer or exploring alternative financing options. Another approach is to negotiate a temporary arrangement where both spouses remain on the mortgage until the retaining spouse improves their financial situation. It's crucial to include a clear plan in the divorce decree for revisiting the mortgage situation and ensuring the non-retaining spouse is eventually released from liability.
Real Estate
Walk through various considerations when valuing, dividing or buying out equity in real estate.
Post Real Estate
Learn the steps, considerations and potential challenges with transferring or handling real estate after a divorce is final.
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