Fort Collins divorce realtor

Selling a house during a divorce in Fort Collins

Once the case is filed and served, neither spouse can list, sell or borrow against the house without the other’s written consent or a court order. So a Fort Collins divorce sale starts with a stipulation both spouses sign (agent, price rules, who pays what until closing, how proceeds are held) or an order from the Larimer County court. Then it is a listing like any other, except that both spouses and both attorneys get the same information at the same time and the divorce never appears in the marketing. The full process, and court-ordered sales.

Keeping the house in Fort Collins

The spouse who stays has to pay the other their share of the equity and qualify for the loan alone. On the Denver-metro detached median of $649,500 with $350,000 owed, that is a $149,750 buyout and, by refinance at today’s rate, a payment that jumps from about $1,476 to about $3,308 a month. A HELOC or an assumption can keep the old rate. Get pre-approved on the real numbers before the decree sets a refinance deadline. The buyout math.

What we do on a Fort Collins divorce file

The Larimer County divorce process, briefly

No fault. One spouse must have lived in Colorado 91 days. The petition costs $260, the response $146. Both spouses file a sworn financial statement within 42 days, which asks for the house’s value and the mortgage balance. The earliest decree is 91 days after service. The house is valued as of the decree, divided equitably (fairly, not automatically 50/50), and the decree usually gives the keeping spouse 60 to 90 days to refinance. Divorce in Larimer County.

Questions people in Fort Collins ask

Disclosure

Damon L. Chavez is licensed with RE/MAX Professionals and works with The Kenna Real Estate Group at Keller Williams DTC as an affiliate partner. Both brokerages are disclosed to both spouses in writing before any listing agreement.