Divorce is not just an emotionally difficult experience; it’s also a financially difficult experience.
That house that you purchased together – perhaps with two incomes – may now be a burden rather than a joy. And, if both of you are named on the loan documents, it can be a source of both financial and emotional turmoil.
You’re faced with questions such as:
Who gets the house? Does either of us really want to live here without the other? If so, who will make the payments? And what about the equity?
And… What if my ex-spouse takes the house and the payments, then defaults and ruins my credit?
It’s true, if you both signed the loan documents, the house will keep your finances tied together even while you’re apart.
Often, the simplest solution is to sell the house and make a fresh start.
If you’d like to explore this option, please call. I’ll be happy to prepare a market analysis so you will know the home’s value in today’s market, and happy to answer your questions about everything from the state of the real estate market to how I promote my listings.
And… if you prefer, I’ll be happy to meet with each of you separately.
Talking with me carries no obligation, so please don’t hesitate. You can reach me at 941-737-6562 or you can write me at linda@reynoldsrealty.com
