It is worthy to note that at Quality Homes Reimagined, LLC, we don’t just buy your house for cash; we know the real estate business like the back of our hand. Our knowledge of this business estate enables us to make an accurate and fair cash offer for your property.
We have worked with several clients facing different problems that triggered the sale of their homes. Thus, we have come up with this article to provide answers to the frequently asked questions about dividing property and debt during divorce. Let’s explore more.
Question 1: How Can I Distinguish Between Non-Community And Community-Owned Properties?
Community properties are those properties that are gotten during the marriage and everything acquired with those earnings. All debts incurred during the marriage, unless the creditor was specifically looking to the separate property of one spouse for payment, are community property debts.
Non-community properties are items and assets that you or your partner got before the marriage in either your name or your spouse’s name. If both of you purchased that property with the money from one spouse, that spouse remains the sole owner of the property.
Question 2: Who Gets To Stay In The House After The Divorce?
The truth is, if there are children involved, then the court will most likely give the house to the parent that spends the most time with the kids. If there are no children involved and the property is owned by one of the spouses, this spouse has the right to ask the other one to leave.
If both of you own the house together, then neither of you has the right to throw the other person out. If you find it difficult to conclude, the court will likely decide for you during your divorce process.
