If you and your husband own a home together, you might consider selling it before or during the divorce if:

1. You can’t afford the costs of the mortgage, maintenance, insurance and taxes, on your own.
2. Neither you or your husband has enough cash or equity to buy the other out.
3. The mortgage lender won’t allow you or your husband to remove the other’s name from the mortgage unless you refinance, and neither of you qualifies for a new loan on your own.
4. The house is too big, too old, too far away from anything and everything important, or it holds too many bad memories.
5. The sale of your house will result in significant tax savings.

This article is not legal, financial or tax advice. You should consult an attorney, financial advisor or tax accountant if you have questions that relate to your divorce and finances.

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