Expert Guidance for Complex Transitions
Clarity and Support for Your Real Estate Decisions
Navigating the dissolution of property during a divorce or managing an estate through probate involves significant financial and emotional stakes. We provide instructional, transparent advocacy to help you make informed decisions for your future. If you have questions not addressed here, please reach out to us at (323) 719-8005 or Pen@thekondogroup.com for a confidential consultation.
Yes, but it can be difficult to purchase another home until your divorce is final. In most situations involving child support and alimony, the payments must be received for a specific time period before you can use it as qualifying income. If you are still listed as a co-borrower on the mortgage for the prior home, many mortgage programs will allow you to qualify while excluding that debt. We will connect you to an experienced lender who can give you the best advice for your unique situation.
If you and your spouse own a home, there are two main routes you can take to reach a solution. You can sell the home and split the proceeds, or one person can “buy out” the other by refinancing the mortgage. Sitting down and discussing these options will help you get on the same page and minimize friction.
Unfortunately for many, divorce is a time of great financial hardship and credit challenges. Because you are responsible for the mortgage until it is paid in full or refinanced, it is imperative that you remain current on the monthly payments. We can discuss further whether refinancing or selling is a better option for your situation and come up with a plan.
Every housing transition during a divorce is unique and requires a tailored, empathetic approach.
Still Seeking Clarity for Your Specific Situation?
While our FAQ covers the fundamentals of marital home resolution, we understand that your circumstances involve specific financial and personal nuances that a list of questions cannot fully address. We are here to serve as your neutral advocate, providing the professional valuation, market analysis, and mortgage insights necessary to help you move forward with confidence. We invite you to discuss your goals in a confidential, low-obligation environment where your peace of mind and financial stability are our primary focus.
Our Local Presence
Our Location
Poul Erik Norgaard Real Estate
550 Silver Spur Rd Ste 110, Rancho Palos Verdes, CA 90275
(323) 719-8005
Monday - Friday
8:00 AM - 8:00 PM
Saturday
8:00 AM - 5:00 PM
Sunday
Closed