As a twelve-year veteran of the mortgage industry I’ve helped clients with hundreds of divorce home buyouts. During that time I’ve learned that this often complicated process can be treated overly casually by judges, mediators and attorneys. I can’t tell you how many times I’ve come across people who have completed their entire divorce without ever investigating whether they can actually afford what the court or settlement agreement has determined. That’s a recipe for disaster. Sometimes dates for when a buyout must be completed aren’t even put into the agreement, leaving the transaction hanging indefinitely or at the mercy of a reluctant ex-spouse.

Tags: divorce buyout mortgage, quitclaim deed, separation agreement, buyout, refinance, mediator