Selling A Home Amid A Divorce

Selling a home can already be a stressful experience, but when you add another frustrating element, such as a divorce, things can take a turn for the worst.

Leaving the housing situation and details until the last minute can be a mistake. People can underestimate the memories and ghosts represented by the house and sometimes the spouse’s ability to pay for the house on their own is overestimated.

The home can bring up a slew of emotions, and it is where you feel secure.

In the process of divorce, living in the same house doesn’t really mean fully divorced.

The most common option is to sell and divide up the proceeds. If this is the option you think is best for the both of you.

Protecting your credit is your first step.

Obtain your credit report and make a list of all of your credit. Separate your joint accounts from your individual accounts, and call any joint credit card institutions.
Joint credit cards can be extended based on one of your credit histories. If it is based on yours, ask to have your partner removed, if it’s based on your partner, ask to remove yourself. If this is refused, you can close the account and open a new one. If there is a balance remaining you can have it frozen.

This site is owned & operated by: Royal LePage Real Estate Services Ltd Johnston & Daniel Division,477 Mount Pleasant Road, Toronto, Ontario, M4S 2L9, 416.489.2121. The content is provided by a number of sources as referenced in the contribution list.

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