Selling assets before divorce is something that many who find themselves in this type of stressful situation may attempt to do. It is a rough time that the couple is going through and there are a lot of mixed emotions.
Most often there are so many things to deal with during a divorce that it becomes overwhelming and frustrating. One may not think clearly and make decisions based on their emotions which may not be the best decision at the time.
If you are the one who keeps the home after the divorce, you will have to take the loan while the other spouse goes through the buyout. Refinancing takes time and it’s often an emotional process.