Divorce and Real Estate - Use Caution

Realtors love to sell homes, so it was great to receive a phone call on one of my listings from a caller who was very interested and wanted to see the home right away. He wasn’t working with a lender so I suggested one and during that conversation he revealed to the lender he was transitioning through a divorce, which was not yet final.

This was an immediate red flag, as in most states, a home purchased prior to a divorce being final is considered marital property. He did not have an attorney so was completely unaware of this situation and the predicament it would create.

The next stop was a referral to a family law attorney to help him understand his choices and the best way to proceed. It is possible to purchase a home prior to a divorce being final provided the right legal steps are taken to define who will have ownership post-divorce.

Please share this information with anyone you know who is navigating divorce and it will save them a lot of pain and expense. It always helps to have a team of trusted network professionals to turn to!

#divorce #realestate


Let's Talk

Joan Rogliano

Wildflower Group, LLC

(303) 667-5485

4 West Dry Creek Circle, Suite 100

Littleton, Colorado 80120

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