How to Buy Out Home Equity in a Divorce
Analyze your mortgage documents.. Gather income and credit information.. Order an appraisal on the house.
Steps
1
Analyze your mortgage documents.
Analyze your mortgage documents.
2
Gather income and credit information.
Gather income and credit information.
3
Order an appraisal on the house.
Order an appraisal on the house.
4
Investigate comparable properties.
Investigate comparable properties.
5
Make a decision.
Make a decision.
6
Evaluate other assets and options.
Evaluate other assets and options.
7
Allow the court to order the terms of the buy-out.
Allow the court to order the terms of the buy-out.
8
Learn about community property laws.
Learn about community property laws.
9
Create a co-ownership agreement for a fixed time until the divorce is settled an
Create a co-ownership agreement for a fixed time until the divorce is settled and final.
10
Decide on the best way to refinance.
Decide on the best way to refinance.
11
Transfer the deed.
Transfer the deed.
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