Handling the disposition of a marital home is one of the key elements of any divorce where the couple jointly owns their home in Rochester.
In cases where the house will be retained by one spouse, the other will usually want to be removed from the mortgage to prevent any future financial liability.
There are several ways to handle this, usually through buying out the spouse who is relinquishing the home and refinancing into the sole owner’s name.
This isn’t always possible though. As lending requirements have grown more strict after the financial crisis, many couples are left in a position where refinancing is impossible and the only choice is to sell the home outright.
This can be a problem for divorcing families with children, where the parents may want to maintain as much stability as possible for the kids.
The attorneys at Friedman & Ranzenhofer can help you understand your options, and then take the steps you need to protect what you value now and in the future.
Call us today at 585-484-7432 for a legal consultation with an experienced Rochester divorce attorney.
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