Can I Buy a Home While Going Through a Divorce?
I have this question come up few times lately and my answer has been, it depends. Each estate is different, Washington is community property estate which means everything acquired during the marriage each spouse is consider to own equal share. So, here in Washington if a person going through a divorce buys a property, legally, the other spouse will be owning 50% of it and for this reason it will be very difficult if not impossible to get a loan for the purchase if a person is not paying cash for it. Even if a person is fortunate enough to have the resources to buy a property during a divorce process it will not be a wise decision to do so, there is many legal aspects to be consider.
Going through a divorce is not easy, it is stressful both emotionally and financially, legal experts advise couples going through this unfortunate process to hold on making any major financial decisions.
I like to make it clear that I am not an attorney and this information should not be taken as legal advice. This is just my point of view base on my experience.
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