Legal Question in Family Law in Massachusetts
Does it make sense to refinance a property that is about to get sold due to a divorce?
Asked on 11/23/10, 12:29 pm
2 Answers from Attorneys
Assuming the sale takes place in less than12 months, it is unlikely you will recover the cost of refinancing. If one party is buying the other out, then a refinancing in the name of the party who is buying the other out may make sense.
Answered on 11/28/10, 1:29 pm
Christopher Vaughn-Martel
Charles River Law Partners, LLC
I agree with attorney Roth. Whatever you do, you want to make sure that your Separation Agreement deals appropriately with this issue and any potential contingencies.
Answered on 11/29/10, 7:39 am