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The Family Home and Divorce

Posted by Elise Buie | Jan 02, 2018 | 0 Comments

If you are like the majority of people facing divorce, your family home is probably one of your largest assets. While each couple divides this asset in a way that works for their unique situation, there is some general information you should be aware of when it comes to your property.

  • Beware of the status quo: When the home is community property, both parties have a legal right to occupy the home. Before you make any decisions about the home, such as who will remain in the home, and who will move out, you will want to talk with your attorney. Any type of move, even if it is just temporary, may set a status quo that could be difficult to change in the future.
  • Talk to your bank: You will want to know your options even before filing for divorce with regard to the home. There are specific rules mortgage lenders have when it comes to making a loan during a divorce or separation. If you have plans to refinance or to purchase another home you may need to discuss the timing of those events carefully with your bank and your attorney before moving forward.
  • Keep or Sell: The decision to keep or sell the family home often depends upon the parties' financial situation, emotional needs and rental options within their community. You will need to seriously consider your future financial position and all options available to you. Parties may choose to sell when avenues to compensate the leaving spouse for their community property share are limited. The court may also order parties to keep or sell the home.

There is a lot to consider in planning an effective property transition when it comes to divorce. Having an experienced divorce lawyer can make all the difference to your process. Because we focus solely on family law, we understand the dynamics and can help guide you through your divorce. Please contact Elise Buie Family Law Group, PLLC for a free phone consultation regarding your divorce. 

About the Author

Elise Buie

Passionate, creative, problem-solving attorney who crafts solutions rather than obstacles. Elise spends significant time educating her clients on healthy communication skills. Elise also ensures that her clients make informed decisions by understanding the future emotional and financial implications of their decisions. Your family's future is our first priority. Elise teaches her clients new skills to empower them in the future as they adjust to the new family structure. While divorce ends a marriage, it is the beginning of your new, often times, more authentic life. Elise will help you begin that new life with new skills to handle any future challenges.

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At Elise Buie Family Law Group, PLLC, we represent clients from Seattle and Bellevue, Washington, and the surrounding region, including all of King County and the cities of Redmond, Kirkland, Bellevue, Edmonds, Issaquah, Kenmore, Kent, Federal Way, Shoreline, Des Moines, Bainbridge Island, Vashon, Auburn, Renton and Puyallup. We love working with clients from Seattle's unique, eclectic neighborhoods: West Seattle, Fremont, Ballard, Madrona, Queen Anne, Greenwood, Ravenna, Maple Leaf, Wedgewood, View Ridge, Laurelhurst, Windermere, Madison Park, Magnolia, South Lake Union, Capitol Hill, Broadmoor, Phinney Ridge, Crown Hill, Yarrow Point and Mercer Island.

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Elise Buie Family Law Group

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Elise Buie Family Law Group PLLC
1001 Fourth Avenue, 44th Floor   Seattle, WA 98154

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