Options For Selling My House During Divorce Pittsburgh PA
Experiencing a divorce is difficult by itself. But selling a house during divorce Pittsburgh just adds additional stress to the situation. In addition, under the best conditions there are always difficulties along the way. Occasionally, married couples are forced to stay tied together financially due to ownership of a Pittsburgh home.
Get A Short Sale or Pay It Off
Problems With Short Sales On Pittsburgh Home
The huge downside of a short sale when you divorce selling a family home Pittsburgh is that your credit scores is impacted. In addition, you both could end up still being responsible for the difference the house sells for and the amount still owed on the mortgage. But, the mortgage holder could always decide to release you from the liability during the short sale.
Refinancing Your House After Divorce
Refinancing your Pittsburgh house after a divorce is a option for one of you, as long as your credit and income support you doing so. But, it is only possible if both parties agrees or the judge orders it happen. Also, if you plan to keep the home, you will want to make sure you can afford all of the expenses on your own.
One Spouse Keeps the Property
Consider Where You Are Going To Move To
Another possibility is when selling a house during divorce Pittsburgh is housing options where you plan to relocate. Also, if you chose to buy another home, will your monthly payments be more or less? If you have children, can you find a similar housing situation in the same school district? Making sure you consider all situations when making a final decision.