If you bought your house while you were married, your first reaction in a divorce is likely to fight to keep it. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we realize that a house is a substantial asset, it can also create unnecessary hassle during an emotionally tough time. If both spouses’ names are on the mortgage, whoever wants to keep the house will have to refinance it solely in that person’s name. One spouse can relinquish their interest in a property to another through a quick claim deed, but that doesn’t absolve the person of financial responsibility on a mortgage. Many people can’t afford to carry it by themselves, or get a loan with just their income. Check out below to see what sold in Dunbarton Pines in February 2021:
44634 Dunbarton Drive, Novi: 4 bedrooms, 2.1 bathrooms, 2,008 sq. feet, 2 car garage, Sold Price: $401,500
Dunbarton Pines Home Sold
February 2021
Refinancing during a divorce is tough because you’re removing one party from the obligation of the loan debt. For more information on Dunbarton Pines, or similar Northville or Novi neighborhoods such as Roma Ridge, Turtle Creek and Maple Hill, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.