Dayton Ohio Real Estate and Divorce...

By
Real Estate Agent with Mark Ryan Group / Re/Max Victory

Dayton Ohio Real Estate and Your Divorce

dayton divorce

 

What Options do I have for my real estate?

  • Have one of the divorcing parties keep the real estate and pay the existing mortgage.
  • Have the divorcing party keeping the real estate refinance the mortgage into only their name.
  • Sell your Dayton Ohio area Real Estate.
  • There may be other options but these are the most common.

Lets talk pros and cons for your real estate¦

Well if one party keeps the home in the divorce and plans to pay the existing mortgage there are many risks. It does not matter at all what the divorce decree says about who is to pay the mortgage IF you both signed the original mortgage to purchase or refinance the Dayton Ohio area real estate. If that is the case then the bank has a legal document saying that you both are responsible for paying the mortgage or they can foreclose and/or collect from EITHER of you..

This is by far the mistake I see divorcing couples make the most ofter. All good intentions aside, things happen and if the spouse keeping the real estate in the divorce for any reason stops paying BOTH parties will have a negative impact on their credit reports.

What should happen to the real estate? Well if it were me I would require the party keeping the real estate, be it in Dayton area or anywhere in the state of Ohio, refinance the mortgage into their name. Then once the divorce was final quit claim deed the real estate over to the other party.

What about Selling my House in Divorce?

Read More: Dayton Ohio Real Estate and Divorce

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the computer to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Location:
Ohio Montgomery County Dayton
Groups:
Blogging & SEO
Rainmaking - Internet Marketing Strategies
Keller Williams
Posts to Localism
RSS Pieces Bloggers
Tags:
dayton ohio real estate

Comments 4 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the balloons to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
995,711
Karen Anne Stone
Fort Worth Real Estate
New Home Hunters of Fort Worth and Tarrant County
Mark:  If you handle a lot of divorce situations, you must have some pretty crazy and/or sad stories to tell.  It's not an easy job, I am sure.  Just keep your supply of Prozac handy... :)  Thanks for sharing...
April 18, 2008 12:39 AM
Rainmaker
50,979
Mark Ryan
Broker, CRS, ABR, CDPE
Mark Ryan Group / Re/Max Victory

nothing too off the wall but do find my self a "therapist" sometimes...

Thanks

April 18, 2008 12:41 AM
Rainmaker
995,711
Karen Anne Stone
Fort Worth Real Estate
New Home Hunters of Fort Worth and Tarrant County
Mark... I enjoyed your post, so I took the time to read your profile, and then look at your website, which looks like a blog.  I like the design.  Very unique and very re-memberable.  I notice you submitted this post to the RSS Pieces group.  Is your blog an RSS Pieces blog?
April 18, 2008 12:44 AM
Rainmaker
995,711
Karen Anne Stone
Fort Worth Real Estate
New Home Hunters of Fort Worth and Tarrant County
Sorry... another question... I also just looked... you have a website and a blog... with the designs nicely tied together.  Who did your website ?  Ok... I promise... no more questions... take care...
April 18, 2008 12:47 AM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cat to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
50,979

Mark Ryan

Broker, CRS, ABR, CDPE
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lamp to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Dayton Ohio real estate, Short sale, short sales, stop foreclosure, homes for sale, mortgages, search homes in Dayton ohio, Centerville, Beavercreek, Miamisburg, Bellbrook, Fairborn, Wright Patterson Air Force Base