Sell a House During Divorce in Pompano Beach, FL

In a Pompano Beach divorce the house is often the largest thing on the table. One spouse wants to keep the home in Garden Isles or Cypress Harbor and cannot carry the mortgage and a Broward insurance premium alone. The other wants their share and a fresh start in Coral Springs or Deerfield Beach. The case moves through the Broward County family court while both names stay on the loan and both keep paying for a house neither is sure about. A listing adds showings, repair requests and a financed buyer who can fall out in month three, each one a fresh decision for two people who may not be speaking.

Pompano Beach Cash Buyers buys houses from divorcing couples across Pompano Beach and North Broward with one visit, a written offer within 24 hours of the visit sent to both spouses at the same time, no repairs or showings, and a closing set to the case. The title company divides or holds the proceeds exactly as your settlement agreement or the court's order says. This page explains, in general terms, how Florida treats the marital home, why both spouses sign, how timing works, and what a cash sale removes from the conflict. It is not legal advice; your attorney gives that.

Florida uses equitable distribution. In plain words, the court divides marital assets fairly, which in most cases starts from an equal split and adjusts for the factors the law lists. A home bought during the marriage is usually a marital asset no matter whose name is on the deed. A home one spouse owned before the marriage or inherited may be separate property, though mortgage payments and improvements made during the marriage can create a marital interest in it. The court can award the house to one spouse with an offsetting payment, order it sold with the proceeds divided, or approve whatever the two of you agree to in a settlement agreement. Your attorney applies those rules to your facts; this page only describes the shape of them.

If both of you are on the deed, both sign the contract and the deed. If only one is on the deed and the house is your homestead, Florida's homestead rules still require the other spouse to join in the deed, so in nearly every divorce sale both spouses sign. If one spouse refuses, the court can order the sale, but that takes a motion, a hearing and time. A firm written cash offer with a fixed closing date gives a hesitant spouse less to resist: there is no agent to pick, no list price to argue over, and no risk that the buyer's financing collapses after months of showings.

We do not decide how the proceeds are split, and neither does the title company. The marital settlement agreement, or the court's order if there is no agreement, is the instruction. Until that instruction exists, the title company can hold the net proceeds in escrow or an attorney can hold them in trust, so the sale can close and the monthly costs can stop before the split is settled. Both spouses and both attorneys receive the settlement statement, which lists the price, the mortgage payoff, any liens and the net, before closing. Disbursement follows the written instruction, often as two separate wires.

The house can be sold before a petition is filed, during the case by agreement of both spouses or by court order, or after the final judgment under its terms. Selling during the case is common because it ends a mortgage neither spouse wants to carry. Where the attorneys want the protection, our contract can be made contingent on the court's approval, and the closing date can be set weeks out to follow a hearing. If the spouse living in the house needs time after closing to move, a short post-closing stay can be included if agreed in writing before closing.

A listing is a stream of joint decisions: the agent, the price, the repairs, which offer to take, how to answer the inspection report, when to allow showings in a house one spouse still occupies. In Pompano Beach that stream runs roughly two to three months to a contract in a market with about seven months of supply, and then a financed buyer's closing. A cash sale asks one joint decision: does the written number work. There are no showings, no repairs to fund together, no appraisal that comes in low, and no commission, which on a median-priced Pompano Beach home of around $385,000 would be about $23,000 taken from the equity you are dividing.

At closing the title company pays the mortgage and any home equity line from the price; both usually carry both names and keep both of you liable until paid. Judgment liens recorded against either spouse that attach to the house, past-due property taxes and any association balance are settled on the same statement. Pompano Beach Cash Buyers pays the customary closing costs. Either spouse or either attorney can contact us. We arrange the visit with whoever lives in the house, give a written offer within 24 hours of the visit to both parties, and provide proof of funds. The title company closes in about a week once the search is clean and the disbursement instruction is signed, or on the later date the case requires.

We buy houses in Pompano Beach for any reason, any condition, or any challenge

Every link below is a page written for that situation in Pompano Beach and Broward County.