Divorce filings are up 34% from this time last year. (MASSIVE increase). The increased due to COVID and people being quarantined together with unresolved issues. The stresses of the pandemic have made couple scrutinize their living arrangements. Now, people are facing many difficulties in these times. Clients have bigger financial issues; realtors have more trouble controlling the clients and getting the house sold. Realtors can make things more efficient when they know what they’re doing.
1.) Moving a person out of a house to get the house sold is called a kick out order
2.) When a divorce happens and a house is involved, there are three options.
- One party stays and pays the other party whatever equity amount they agreed to or that the court ordered
- Sell the house and divide the money either by agreement or court order
- One party stays and the other stays on the loan for a period of time (the worst option)
3.) Be sympathetic with the client
For realtors, when the house gets sold it is a happy moment. However, for the clients in a divorce case, it is heartbreaking.