Reynolds Realty Gulf Coast, Inc.Reynolds Realty Gulf Coast, Inc.

Real Estate for Bradenton and Surrounding Areas

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Reynolds Realty Gulf Coast, Inc.
(941) 737-6562
Offices in Lakewood Ranch, & St Pete

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What’s the Worst That Can Happen

What’s the worst thing that can happen if you divorce and don’t sell your house?

If you own it free and clear, the worst that can happen is that the person who is awarded the house will have to deal emotionally with the memories in that house. And… the person who is not awarded the house may be filled with a festering resentment.

Only you know if these are emotional situations you can deal with.

Meanwhile… If you still have a mortgage on that house, and if both of your names are on the loan documents, the worst that can happen is financial ruin for both of you.

If the possessor isn’t able to refinance the house into his or her separate name, and isn’t able to maintain the monthly payments, the foreclosure will be listed on both of your credit reports – which will prevent you from purchasing another home for about 5 years.

You see, just because a judge awards a house to one party or the other, the bank still holds both of you liable.

Only you know if your financial position is such that this won’t be a worry.

If selling really is the best decision for you, call me. I’ll be happy to show you the marketing plan I use to get homes sold quickly – and for top dollar.

And, if you like, I’ll be glad to meet with each of you separately.

Remember, calling me carries no obligation, so don’t hesitate.

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Posted in: Divorce Tagged: divorce

About linda reynolds

broker of reynolds realty gulf coast, inc. she approaches each listing or purchase as if it were her own home. using a consultant approach to guide and teach each customer the ins and outs of their transaction. never pushy, always helpful and there to walk you through each step of the way. very resourceful and very experienced in foreclosures, short sales and of course regular sales.

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