Keep (or Sell) the House for All the Right Reasons
Going through a divorce can be really stressful with more challenges than answers. Let me help you make the right decision for your property. In most instances, the shared real estate is the largest asset to be divided. A careful approach to the valuation and to the financial implications of the sale is really important.
I am professionally trained to manage the real estate in a divorce as a business transaction in the best interest of the house – and each divorcing spouse. Leading your divorce real estate team, I serve as project manager working with you and your lawyers and can refer real estate and financial professionals specializing in divorce to assist with gathering house-related documents and scheduling consultations, most of which are free.
My friend, mentor, and co-creator of Divorce this House, Vanderbilt Law Professor Kelly Murray J.D., lays out some of the pitfalls of not being prepared. “If the house is handled incorrectly during divorce, one or both spouses may be ineligible to qualify for a mortgage, and thus unable to refinance the marital joint mortgage or buy a house with new loan origination for years,” says Murray. "One mistake divorcing couples can make is not examining and making needed adjustments to the homeowner’s insurance policy. Just because two people are married—and on the deed—doesn’t mean they’re both named as insured parties on the home. If one spouse is listed only as an insurance beneficiary and remains in the home, he or she will not be covered after the divorce is final", Murray says.
You may contact me to discuss how you can protect one of your most valuable financial assets during the stressful time of divorce. I can help you determine your best options now for a stronger financial future. As the project manager, I help Homeowners, Lawyers, and Mediators - at no cost - gather house-related documents for more informed decision-making during Family Mediation. Most of the house documents are free!