Divorce and jointly owned real estate
My mission as a Real Estate Collaborative Specialist - Divorce is to raise awareness of potential costly choices before divorce settlements write those choices in stone. Information EARLY is crucial, because most mistakes cannot be fixed after divorce.
Divorce is one of the most emotional and stressful of life experiences. It is little wonder that individuals going through this experience tend to overlook or misunderstand any number of real estate- related matters. For example, exactly what a “quitclaim deed” accomplishes; what can happen to the credit status of either or both when both parties remain on a mortgage, as well as the condition of the home and likelihood of major repairs and the effect this can have on the financial status of the person who retains ownership of that property.
Posted by:
Frances Garner
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