Comments on: HomeStretch™ – Reaching Beyond Your Front Door http://www.kathleenmelton.com/site/2009/05/homestretch%e2%84%a2-reaching-beyond-your-front-door/?utm_source=rss&utm_medium=rss&utm_campaign=homestretch%25e2%2584%25a2-reaching-beyond-your-front-door Sun, 04 Dec 2011 08:00:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Lisa Cunningham http://www.kathleenmelton.com/site/2009/05/homestretch%e2%84%a2-reaching-beyond-your-front-door/comment-page-1/#comment-26 Lisa Cunningham Fri, 26 Jun 2009 01:53:26 +0000 http://www.kathleenmelton.com/site/?p=731#comment-26 Kathleen, as someone who just got divorced in April and had to move out of my home of seven years, this hit home. You are fortunate to be able to afford keeping your home. Mine turned into a maintenance hog that can't be sold in the current market without taking a substantial loss, so my ex is renting out a room and the cottage on the property. Most people don't realize that even after you're divorced, your name remains on the mortgage forever. You usually sign a quit claim deed and receive equity payments either before or when it sells, but your name stays on there until it's sold. Kathleen, as someone who just got divorced in April and had to move out of my home of seven years, this hit home. You are fortunate to be able to afford keeping your home.

Mine turned into a maintenance hog that can’t be sold in the current market without taking a substantial loss, so my ex is renting out a room and the cottage on the property.

Most people don’t realize that even after you’re divorced, your name remains on the mortgage forever. You usually sign a quit claim deed and receive equity payments either before or when it sells, but your name stays on there until it’s sold.

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