Selling or Refinancing Your Marital Home During Divorce
1. How do the terms "upside down" or "underwater" play into your decisions relative to your marital home?
Lower property values can affect your decision on what to do about your martial home. For many people, the marital home is the largest asset they own. Most couples cannot afford to own and operate two households: the soon-to-be former marital home, plus another home that one spouse moves into during the separation process that is divorce.
- Sell the home if it is not upside down.
- Refinance the home into the spouse’s name that is retaining the home.