Selling or keeping a house in a divorce can be complicated. If you sell the house prior to your divorce, that falls on you as a couple. You pay all closing costs and expenses together. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that once you’re divorced, your ex isn’t on the hook for anything related to the house sale, unless it’s specified in the divorce decree. If you and your ex don’t retain joint ownership of the house, then whoever is on the mortgage also assumes other risks associated with selling later. If your house is worth less than you owe on it, your divorce becomes more complicated. One option is to negotiate a change in the terms of your mortgage, which is trickier if your house has a second mortgage or a home equity line of credit. Check out below to see what sold in Autumn Park in August 2020:
22995 Whitehall Drive, Novi: 5 bedrooms, 3.1 bathrooms, 3,865 sq. feet, 3 car garage, Sold Price: $600,000
Autumn Park Home Sold
August 2020
If you have only one loan on the property, you could sell your house in a short sale, which is where a buyer pays less than the amount on the mortgage but the bank agrees not to pursue you for the difference, avoiding a foreclosure on your record. For more information on Autumn Park, or similar Northville or Novi neighborhoods such as Pheasant Hills, Woodlands of Northville and Beckenham, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.