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Selling Your Home or Refinancing During Divorce

Posted by Unknown | Mar 11, 2021 | 0 Comments

selling your home or refinancing during divorce

Drama Free Divorce will guide you if you're looking for information on 'selling your home or refinancing during divorce'. Missouri and Kansas residents can take advantage of our flexible pricing structure with monthly financing plans starting from $500 for our clients in Kansas City, Missouri, Kansas.

You will be able to manage the financial aspects of a divorce easily thanks to our simple pricing structure which is both transparent and manageable - eliminating unpleasant surprises along the way! With fewer court appearances needed for our approach than before and compassionate lawyers to offer professional support when needed; court procedures no longer become inconvenient or stressful! We recognize you may be going through an emotional or difficult time and we promise professional assistance during every step along the way!

This article will address some of the key concerns about refinancing and selling your home during a divorce, such as legal considerations, how to hire a divorce attorney if needed, and any assistance we can offer.


Do I Refinance or Sell My Home upon Divorce?

An important decision during divorce relating to your home will be refinancing or selling it, depending on your unique situation. Refinancing may allow one party to retain ownership while selling will generate proceeds that can be shared equally between both parties. It's up to each couple individually to decide the most advantageous solution.


When can I legally sell or refinance my home after a divorce?

Selling or refinancing your home during divorce proceedings is legal. However, a consultation with an attorney should take place prior to making this decision.

Statistic Insights: According to data provided by the American Psychological Association, approximately 40-50% of married couples in the US divorce, making these concerns all too prevalent.


What Happens If You Can't Refinance After Divorce?

Refinancing can be challenging, even with the best intentions. To stay on top of things and minimize anxiety during this process, it is essential that a backup plan be in place, such as who will pay your mortgage.

Statistic Insights: According to a U.S. Census Bureau report, homeownership rates among divorced individuals drop significantly following separation, underlining the challenges involved with maintaining their homes after an alimony agreement ends.


Why hiring a divorce lawyer is better than going through the process without one?

Divorce can be an intricate legal process, particularly when it comes to property division. Hiring an experienced family law attorney may prove invaluable, here's why:

  • Legal Expertise: Attorneys specialize in family law. They understand the complexities associated with property division and will protect your interests during this process.
  • Mediation: Consulting an attorney as your mediator can be invaluable in reaching an amicable agreement between both of you while decreasing conflict and stress levels.
  • Legal Documentation: Our team will oversee all legal documentation to ensure it is filed on time.


When should I consult an attorney?

Before making any major decisions regarding your home, it is wise to seek legal advice early in the divorce process. Your legal adviser can assist you in helping you make sound decisions.


What are the criteria to find a good lawyer?

Finding a top-rated divorce attorney is vital. To select an appropriate one, consider these key elements when making your selection:

  • Experience: When selecting an attorney to handle your property division issue, selecting someone with years of experience is of utmost importance.
  • Communication: Choose an attorney that communicates clearly and listens carefully, keeping you updated at all times.
  • Reputation: Contact family and friends who have experienced similar situations for referrals.


Why Choose Drama-Free Divorce?

Our firm specializes in helping individuals navigate divorce proceedings when real estate is involved, with particular expertise in protecting your financial and emotional interests. Our dedicated attorneys understand the unique challenges you may be experiencing and place great importance on clear communication, empathy, and protecting your rights throughout this complex process.


Suggestions for Action

Once you understand the difficulties involved in selling or refinancing your home during divorce, take these steps:

  • Consult a Divorce Attorney: Speak to an experienced divorce attorney for personalized guidance tailored specifically to your case.
  • Maintain Open Communication: Maintaining a direct dialogue with your former spouse can assist in making quicker decisions and resolving situations more quickly.
  • Evaluate Your Financial Options: Evaluate your current financial status to decide whether refinancing or selling is the most suitable path toward reaching your long-term goals.
  • Researching Local Laws: To fully comprehend your rights, it is crucial that you become acquainted with the local laws governing your area.
  • Reach Out: Divorce can be an emotionally draining process; don't hesitate to seek support from family, friends, and therapists during this difficult period of time.

Selling or refinancing a home during a separation can be an intricate and time-consuming task that needs careful consideration. Our team of professionals are here to guide you through this trying time. Contact us today at 816 615-5555 or send us an email on our Contact Page.

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