Going Through A Divorce
Are You Going Through A Divorce And Need To Sell Your House Orlando?
As time passes people can decide that they no longer want to be together and decide to get a divorce. Let Sunny Spot Realty help you solve part of the stress that comes with divorce and owning real estate together. Separating marital assets and deciding who gets the house is typically a huge part of any divorce. Many times, people choose to downsize from their current house into a smaller property. Selling a home while going through a divorce can bring up some difficult decisions when it comes to real estate.
Sunny Spot Realty is here to help you. We buy homes quickly from people going through a divorce or separation. In addition, we utilize our own capital to purchase properties allowing us to close as fast or slow as needed to accommodate your schedule. Our approach can reduce stress and save you money and time.
Therefore, we have helped structure the sale of many homes as part of a divorce situation. This allows both of you avoid having to take on the house payment alone or avoid a possible Orlando foreclosure. Also, we understand how emotional these situations can be. Let our experienced home buying professionals help you find the best solution in the sale of your home.
PROBLEMS WITH SHORT SALES ON ORLANDO HOME
The huge downside of a short sale when you divorce selling a family home Orlando is that your credit scores is impacted. In addition, you both could end up still being responsible for the difference the house sells for and the amount still owed on the mortgage. But, the mortgage holder could always decide to release you from the liability during the short sale.
ONE SPOUSE KEEPS THE ORLANDO PROPERTY
Allowing your ex to keep the ORLANDO property can create major issues when you try to get anther mortgage for a new home. In addition, it is not so simple getting your name removed from a mortgage and qualifying for a second mortgage can be difficult unless you have a high income. Most importantly, your ex may have to apply for a mortgage and be able to get approved so that your name can be removed from it.
REFINANCING YOUR HOUSE AFTER DIVORCE
Refinancing your Orlando house after a divorce is a option for one of you, as long as your credit and income support you doing so. But, it is only possible if both parties agrees or the judge orders it happen. Also, if you plan to keep the home, you will want to make sure you can afford all of the expenses on your own.