Can you buy a home while getting divorced?

Can you buy a home while getting divorced?

Buying a home while legally married but separated from your former spouse is certainly possible, but there’s some extra documentation needed and things to be aware of. First, your lender is going to require your legal separation agreement. If you have a property settlement agreement, they’ll need that as well.

Should I buy a house before I get divorced?

You can purchase the house before you receive the divorce decree. However, if done improperly, you could make some serious mistakes that could impact your finances and affect ownership of the home. Read on to find out what you should consider when buying a home soon after filing for divorce.

Can I buy a car before my divorce is final?

But if you used money from a joint account that you and your spouse acquired during marriage or if you traded in a community property car, then the new vehicle might not be your separate property. It may be best to simply avoid buying any significant assets before your divorce is final.