What to know about Real Estate in a Divorce

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Real Estate

In a divorce, the residence is inevitably going to change in one way or another. At the very minimum, the mortgage loan on the home will need to be adjusted. Alongside that, is the major concern regarding where the spouses are going to live during the separation and once the divorce is finalized, as well as what will be done with the marital home.

 

There are many factors to consider depending on the spouses' financial situation as well as if there are children involved. Therefore it is best to involve a Real Estate professional, divorce certified to work with the lawyer and the financial planner from the beginning to support you in this transition, either if you are buying and selling your home or if you need to refinance it.