Amicable divorce and finance questions

engineered-chemistry · 2025-08-30T16:26:33+00:00

Some mortgages are assumable by divorce. Call your mortgage provider, I know for a fact PennyMac is.

If not, you need very specific language in the divorce decree to indemnify you from any financial obligations to the house and specify your share of the proceeds on sale at a market value

DC_90000 · 2025-08-30T13:32:41+00:00

Hey man, kinda similar situation here during my current divorce process that’s ongoing.

We have been married for 6 years, have two kids together nearly same age as yours, their school is local and her work is local.

She wants to keep our house (50/50 input originally) and I move out, but she can’t pay me any equity and I’d be tied to the mortgage for atleast 4.5 years. She’s been told she cannot keep it as she can’t afford it.

However, I can. I can pay her out in full, she can keep whatever she likes in the house, and I’ll do everything else I need to sort this.

I’m just not confident I can win, I don’t trust the courts to side with her and screw me over lol

hotantipasta · 2025-08-29T23:55:09+00:00

It's not a good idea. If she has late payments your credit gets the hit too. If she defaults then they are going to come after you too. If she can't afford to refinance then she can't afford the house. Divorce is seperation of lives including finances.

smooth-vegetable-936 · 2025-08-29T09:13:07+00:00

I cashed her out. The judge accepted it.

upvotersfortruth · 2025-08-29T01:44:47+00:00

So long as you build in an enforceable clause to force the sale of the house or buy her out if shit goes sideways (as it so often does), you can do whatever you want. 100% it's getting complex beyond what a mediator can draft so you should get legal advice. Note: These clauses are notoriously difficult to enforce and can result in delays of years. It needs to be drafted very tightly and with details.

sphynx8888 · 2025-08-28T19:38:30+00:00

Also amicable and went through mediation quickly. I cashed her out.

Some loans are assumable. Generally FHA and VA but certain Conventional loans are as well (though most are not). I called my Lender's assumption department (Wells Fargo) and am able to assume the mortgage without changing terms and get my wife off. I have a 30 year conventional.

If your name stays on the mortgage, that means your available credit is decreased, your liable if she stops making payments/goes into foreclosure... It's a high risk, low reward situation. I realize keeping things stable for the kids is important, but kids are also amazingly resilient and adaptable.

RiseNo3399 · 2025-08-28T18:45:08+00:00

You can also sign it over with current rate but make sure you gets what due to you.

RiseNo3399 · 2025-08-28T18:44:24+00:00

I would advise that you should be careful about doing things “for the kids”. Protect yourself. Amicable until it’s not

Title	Amicable divorce and finance questions
Author	dharma_van
Upvotes	3
Comments	12
Date	August 28, 2025 6:40 PM UTC (11 months ago)
Subreddit	Posted in /r/Divorce_Men
Original Link	https://old.reddit.com/r/Divorce_Men/comments/1n2ki3g/amicable_divorce_and_finance_questions/
Archive Link	https://theredarchive.com/r/Divorce_Men/amicable-divorce-and-finance-questions.1560742 https://theredarchive.com/post/1560742

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