Got divorced almost two years ago, made an agreement for my ex to stay in the house so as not to uproot the kids, but now it’s time to move on. Outside of selling and both of us getting our share, there’s a possibility of her boyfriend to move in and they buy me out. I’m not super familiar with all the nuances of real estate, so my question is this. What does it take for them to buy me out, get me off the mortgage (maybe add him), and then to stay in the house? Is this a similar process to buying/selling/refinancing? Will she have to now go with the prevailing interest rate (as opposed to keeping the 3.125%)?
I know this is probably a very basic question, I’m just trying to figure out the best path forward.
Thanks in advance.
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source https://www.reddit.com/r/RealEstate/comments/1mo1eo1/selling_after_divorce_question/
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