How Divorce and Selling a Home May Impact Your Taxes

Selling a home is a major financial event, and when you add a divorce into the mix, things can get even more complicated, especially when it comes to taxes. One of the biggest questions people have is how the sale of a home impacts capital gains taxes and how to figure out what you might owe. Let’s

Watch for Hidden Costs When Selling Your Home in Divorce

Selling a home already comes with standard expenses, but during a divorce, there are hidden costs that many sellers don’t anticipate.  1. Capital Gains Taxes – If your home has significantly appreciated in value, you may owe capital gains taxes. Normally, married couples can exclude up to $500,000 i

Divorce: Removed from the Title, but Still on the Loan?

Even if a divorcing couple transfers the home title to one spouse, both may still be responsible for the mortgage if they both signed the loan agreement. This is because the mortgage is a separate contract with the lender, binding both parties to the repayment terms.To remove one spouse from the loa

15 Things to Know When Selling Your House During Divorce

Divorce is an emotionally challenging and complex process, and selling a house during this time can add to the stress. As a realtor and former attorney specializing in divorce sales, I understand the intricacies involved. Here are 15 essential things you need to know to navigate this situation smoo