Simple Divorce Advice

Divorce can present some interesting challenges in real estate….for both the Sellers and the Real Estate Listing Agent(s). One of the more recent and most devastating moves in this game has been what we’ll call the “Behind Closed Doors Financing.” Or perhaps…not financing. In most marriages, the bill paying, inclusive of the mortgage payments falls to one spouse. One person is responsible for healthy credit scores….staying on top of the family finances…timely credit card payments, current taxes…etc. The other spouse may well be….and often is…oblivious to this process…they know that the heat is on, the lights work, there is food in the fridge and gas in the car so everything must be fine...Or IS it ?

One of the conditions we have encountered recently is the “financial spouse” who has been the bill payer, credit keeper, checkbook balancer….has become intentionally absent minded when it has come to paying mortgage payments. Ms/Mr. “Old Reliable” has decided to put the money away for the “great escape” from the marriage…paying the divorce lawyer, the security deposit on a new apartment, etc. The late notices are hidden from the other spouse….and months later foreclosure looms when the lender becomes impatient when requests for payment have gone unanswered.

The end of a relationship is never pleasant…the entanglement of real estate, support payments, the anger and emotion that are woven throughout this tumultuous time require seasoned professionals on many levels…legally, financially, emotionally and with real estate…homestead and investments.

Make sure you always understand your financial situation and are involved in the paying of large bills especially your home. Real Estate agents who have taken extensive training in Divorce….the communication….and more often, the lack thereof….should be sort when divorce is involved. The process is never as straight forward as at other times and having an expert who can deal with the communication issues and any other challenges the divorce can toss in with little difficulty is essential.

Selling your family home is not easy in this situation, selling because you have no choice and against your wishes makes the process harder. Surround yourself with people who can support your feelings at this time and support your needs whether you know what they are or not.

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS

REDS (Real Estate Divorce Specialists) CDPE (Certified Distressed Property Experts) and members of the Institute of Luxury Home Marketing.  

www.HansonRealEsate.Net

Source: Divorcing Real Estate….A Game of “Gotcha!”

Popularity: 4% [

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!