NAVIGATING A HOME TRANSFER IN DIVORCE
Just about every divorce case involves a house and its corresponding mortgage. In a small number of cases parties agree that dissolution of the marriage is also an opportune time to downsize the residence, but in most situations, at least one of the parties wants to keep the residence, even if just, “for a while.”
This is where complications can arise. Certainly one spouse can transfer their interest in the home to the other. Nevertheless,…