Selling Real Estate Due To Divorce

February 16, 2015

In addition to the emotional toll of a divorce, there can be financial consequences as well. One of those often involves having to sell real estate.Deciding whether to sellWhether or not you have to sell your home during a divorce can depend on a number of factors. For example, if you have children, a judge may determine that it’s best for them to stay in the home along with the custodial parent. If one spouse bought the house and the other spouse’s name is not on the deed, that spouse may have less of a claim.Options for sellingThe best and easiest way to sell the home is for one spouse to release his or her claim in the home by filing a quitclaim deed. If both names are on the mortgage, then the spouse remaining in the home will have to be able to qualify for a mortgage on his or her own salary and also be able to pay the spouse who is leaving his or her share of the equity.The most common outcome of a divorce, however, is that the couple that is splitting up will have to sell the h
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Selling a Home Due to Illness

December 30, 2014

Health problems can sometimes make it difficult for an individual to work, which can result in missed mortgage payments. Homeowners should be focused on their health, rather than worrying about losing their home. Selling the home quickly may be the best option for those with health issues.Normally when a person wants to sell a home, time and expense goes into repairing the home and making improvements to increase the chance of selling. When health problems arise, this may not be the best option.When a person has a serious, long term, or terminal illness, selling the home quickly is the best option. This allows money to be freed up to use for health expenses, while making sure that the bank does not foreclose on a home, due to missed mortgage payments.Two options available for selling a home are:Using a RealtorSelling the Home to a Home-Buying BusinessUsing a licensed real estate agent can help make selling a home easy. The real estate agent will put the home on the market, advertise,
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Selling House Fast Due To Inheritance

December 29, 2014

You masell fast relocationy be wanting to sell a house that you received through inheritance. If you have inherited a house, one of your best bets may be selling to an investor. With selling to an investor, you can save a lot of time and hassle which may put a strain on you, or your family. Selling your inheritance to an investor means, not out of pocket costs, repairs or using any of your own money.First off, you want to avoid all and any out of pocket expenses. When someone passes on, and the home is left vacant, usually that means the house could be left un maintained for quite some time. Selling fast to an investor will make sure that you get it off your hands before the value of the house starts to go down. Selling to an investor also means you don’t have to hire some real estate agent who will nickel and dime you. They will also take a cut of the profit, which is mostly how they make their money. You then may have to sit on the house even longer while the agent finds a potential buyer but with sell
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