Divorces and real estate , how to handle your home in a divorce and protect yourself

Divorce: What You Need to Know About Your House, Your Home Loan and Taxes

How to Avoid Costly Housing Mistakes During and After a Divorce I have many clients who for what ever reason split up ,and all of them have to handle these situations, preferrably with patience and a unemotional look at the future .

Divorce is rarely easy and often means a lot of difficult decisions. One of the most important decisions is what to do about the house.

In the midst of the heavy emotional and financial turmoil, what you need most is some non-emotional, straightforward, specific information and answers. Once you know how a divorce affects your home, your mortgage and taxes, critical decisions are easier. Neutral, third party information can help you make logical, rather than emotional, decisions says Robert Highsmith realtor in scottsdale arizona. www.roberthighsmithrealtor.com

Probably the first decision is whether you want to continue living in the house. Will the familiar surroundings bring you comfort and emotional security, or unpleasant memories? Do you want to minimize change by staying where you are, or sell your home and move to a new place that offers a new start?

Only you can answer those questions, but there will almost certainly be some financial repercussions to your decision process. What can you afford? Can you manage the old house on your new budget? Is refinancing possible? Or is it better to sell and buy? How much house can you buy on your new budget? Do we rent or look for another home , how can i qualify for a new loan if my partner will not sign on, what if the home is already heading for foreclosure or worse , what will the children think and how can i share the situation with them .

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