Tag : dont-be-dumb
Tag : dont-be-dumb
Let me start by saying, I am not an attorney, nor do I pretend to be one, but I do know a thing about divorce, real estate and being dumb. I am a real estate expert and I spent years wading through my own messy divorce and the aftermath, so I’d like to pass on a thing or two that I learned in the process. Take or leave my advice, there are a few things I wish someone would have told me, now I am telling you.
One piece of advice I received from my attorney was this…
If you are the one moving out of the family home, take half of the stuff, don’t leave it so that the kids will be more comfortable, they need to be comfortable at your house too.
This was great advice. The kids, if you have them, need some familiarity at both houses. In the same vein, lets talk property. In my case, though I liked the home we bought when married, my ex was adamant that he keep the home, and frankly, I could not have afforded it as a single parent, so I agreed. Now its all well and good up to here, this is the point I went wrong. Don’t be like me, do not do this. I agreed to allow my ex two and a half years to refi the house and get my name off of it. Why so long? No reason really, that’s what he wanted, I was exhausted and tired of fighting so I agreed. Dumb. So dumb. Guess what? Two and a half years later, he did not hold up his end of the deal. The house has not been refinanced. That means, my credit is at his mercy. It also means that I can not qualify to purchase a car, my own home (there are a few lenders who can help somewhat with options here) or get personal credit regardless of my good credit score. My name on the house means my debt to income ratio is seriously out of wack. Doesn’t he have to comply? Eh. Didn’t we make this deal legally and through the court system? Yep. So now what? Well, I hire an attorney, get a hearing with a judge (which takes months), spend thousands more to get him to comply with a deal he is already legally obligated to comply with. Is it fair? No. Is it just the way it is? Yes, and its not worth ranting over, instead just avoid the mistake.
Bottom line, divorce is rough stuff no matter how you slice it, but making fewer emotional choices and more logical ones, will save you some heartburn in the end. For more information about me and Caily Sells AZ, please vist my website!
Categories: Real Estate