When there is real property involved in a divorce, sometimes it must be sold and the equity divided. Other times, the physical custody parent would like to keep the home.
There may be options available to you that can make it work in both parties’ favor; the spouse who wants equity is protected, while the spouse who wants to stay in the house can too! Michal Koncar will be our guest speaker at next week’s meetup. She can explain what needs to happen for one of the parties to be “refinanced off” the current loan.
Michal says that those she sees post-divorce could have done better if they come to her ant taken care of things beforehand.
Michal herself has been divorced (and it was a horrible experience); so she has great empathy and a connection with the subject.