Married couples tend to show unity between them by doing things together including owning real estate. Even after going through a lot together, it is unfortunate that 40 to 50 percent of all married couples eventually divorce one another. As a result, they will start devising a way to sell off their jointly owned properties.
In this case, you would want to sell your house fast, cool your head, and move on with your life. You are going through a lot already, and you need to avoid the stress that accompanies selling your house. To make the whole selling process easier, it is advisable to work with Quality Homes Reimagined, LLC. We are the best home buyers, and we will buy your home immediately by offering you a fair cash offer. We do not list your homes. We buy them with our own money. You don’t need to spend months waiting for a buyer when you work with us.
On the contrary, what do you do when your partner refuses to sell? Can you force your ex to sell a home if your name is still on the mortgage and deed? You should know that selling a jointly owned property during or after divorce could be a difficult task. Yet, we will enlighten you about how to go through the process with ease in this article. Let’s explore more.
Consenting to sell your home
The consent of all owners of the real estate property is usually required before a sale can be triggered. That is, both parties must agree to the sale of any jointly owned homes before a sale can be possible. However, if your ex-spouse isn’t giving you the green light to sell the homes, you may force a sale by employing a partition lawsuit.
Forcing ex-spouses to sell
Partition lawsuits are used to force the division of property between joint owners. In other words, when ex-partners disagree on selling or retaining a house, employing a partition lawsuit becomes the best way to go. The good thing is that any one of the owners of the property can file a partition lawsuit to compel the sale.
However, the division of real estate property owned by now divorced or divorcing couples is often hard to execute. The normal end result is always a court-ordered sale. If you use a partition lawsuit to force your ex-spouse to sell your jointly-owned home, you will have to share the proceeds.
Partition Lawsuits and Mortgages
Mortgages are debt obligations used either by purchasers of real estate property to raise funds to buy the property, or by existing homeowners to raise funds for any purpose while putting a lien on the mortgaged property. In partition lawsuits resulting in the legal sale of the real estate property, any debts such as mortgages are settled from the proceeds.
For this reason, you shouldn’t underestimate selling your house fast and for the right price. At Quality Homes Reimagined, LLC, we don’t just offer irresistible offers; we strive to make every aspect of selling your home easier.
Don’t Let Divorce Break You, Sell Your House Fast and Move On
Going through a divorce may probably be one of the most difficult challenges to face. Yet, it is not a death sentence. If you want to sell your house after a divorce, you should do everything within your power to get the best deals. The only way to achieve this feat is to work with us at Quality Homes Reimagined, LLC. We are professional cash home buyers, and we specialize in helping homeowners relieve the pressure of owning a home they no longer want. Selling your house and moving on with your life shouldn’t be a problem when you deal with us.