Offer Now Michigan Blog

Selling a home during or after a Michigan divorce triggers a different set of tax rules than selling under any other circumstance. Whether the home counts as a primary residence at the time of sale, whether you file jointly or separately the year of sale, how the basis gets calculated, and how the capital gains … Continued

Almost every Michigan divorcing couple who needs to sell the marital home faces the same question: list it traditionally with an agent or sell to a cash buyer. The right answer depends on your timeline, the condition of the home, the level of cooperation between the spouses, and how much certainty you need about the … Continued

One of the most misunderstood parts of a Michigan divorce is what actually happens to the mortgage when one spouse leaves the home. Many divorcing couples assume that signing a quitclaim deed transfers responsibility for the mortgage along with ownership. It does not. The deed and the mortgage are two separate legal documents, and changing … Continued

When a Michigan couple divorces, the question of whether to refinance the home into one spouse name or sell it outright is one of the highest-stakes financial decisions of the entire process. The wrong choice can leave one spouse paying for a home they no longer live in, lock the other into a mortgage they … Continued

When a Michigan couple divorces, the family home is almost always the largest asset they own together. How that equity gets split is governed by Michigan equitable distribution law, which is more flexible (and more unpredictable) than the community property system used in some other states. This guide walks through exactly how Michigan judges divide … Continued