General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Divorcing. Stay on mortgage until Ex refinances, then xfer title
I offered to stay on the mortgage (only my name now), while ex gets ready to refinance or sell. Current tenant is a PITA and I think they'll take advantage of the no eviction mandates if they sense an issue (my ex'es plan to sell). I want to get out of this property ASAP but it will take time to finalize.
How can I smoothly transition the management of the property to ex while finalizing the divorce, without highlighting to the tenant and ex know about the various issues and risks? I really don't want ex to stop progress once they find out the realities of managing a property (since I've done all the work til now).
Also, what can I do to protect myself while ex manages the property while the divorce is finalized, and through the time she sells/refinances?