Regarding divorce real estate, I received this morning the following message via Active Rain:
best solution to date is utah, wife files, husband keeps home, kids, wfe takes apt., two jobs, pays support, has visitation, youngest child turns of age, house divided at that time.
The hidden dangers of delayed sale/joint home ownership AFTER divorce essentially create a time bomb for either or both spouses. One specific danger (among many) - post divorce liens.
Utah is an equitable distribution state, and debts of either spouse after divorce can be recorded as liens against the title to the former family house.
Because liens follow the land, after divorce the former family house cannot be sold, and the mortgage cannot be refinanced, unless the liens are released - often requiring payment in full.
So long as the EX Husband and EX Wife co-own this house, they may be divorced but they didn't divorce the house!
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