Find Your Home!

Saturday, May 21, 2011

Divorce and Short Sales - Dispose of the House Before the Spouse!

I am not an attorney nor do I play one on TV but, in my opinion, sometimes in a divorce situation logic prevails and other times it is nowhere in sight!

I just read an article about how a couple, after deciding to part ways, decided on a do it yourself process.

It seems to me there are a few things in this world that should not be done without professional guidance - especially in a case like this where they owe much more on their house than it is worth and neither wants to keep the house post-divorce!

It seems to me the the logical thing would be to dispose of the house before the spouse!

There is a possibility the lender will forgive the debt or workout some other arrangement with the sellers.  *A short sale may even be an option.

Nobody asked me but this sound likes a definite case where legal advice should be sought.

If disposing of a property through short sale is a consideration call me (or email) - especially if you are in Viera, Suntree or Rockledge, Florida!

*Finally, if you are considering a short sale, read this:

Follow by Email