Buying A “Divorce” House
Divorce is rarely a happy occasion, but it can be if you are buying a home from a couple that is divorcing or recently has divorced.
Buying a house from a divorcing couple has its advantages and disadvantages. Sometimes you can get a better deal if the couple needs the money and wants to sell, and sometimes a divorcing couple could blow up a deal and you could lose your financing and your mortgage lock date.
Buying from couples who are divorcing can also be a huge advantage because you have all the leverage,” Kaufer says. “One or both of the parties is usually superanxious to sell the house and just be finished with the process.