1.Know Where You Stand – Contact your current lender and confirm the payoff amount of your mortgage. If the home is in both spouses names, it is both a marital debt and a marital asset. The spouses must agree how to divide the debt/asset. 

2.Start the Conversation – Talk to your spouse and/or your attorney to establish the disposition of the other party and how the marital home will be treated in the divorce. As this may be a point where parties disagree, it is always best to start the conversation as early as possible. 

3.Get Organized – Selling your home and/or separating your household will be time-consuming and probably emotional. Tackle one task at a time and celebrate small accomplishments to avoid feeling overwhelmed. 

4.Talk to An Agent – Reaching out to a real estate agent who can help you determine the current value of your home, how quickly it can be sold and what your options are for moving forward will give you better peace of mind as to how to move forward. 

5.Consult A Lender – Whether you want to refinance or assume the current mortgage or purchase a new property, you will need to be pre-qualified for a loan as a single person. It is possible to get pre-approved and buy before your divorce is final but a lender will be needed to help you navigate through the process. – Whether you want to refinance or assume the current mortgage or purchase a new property, you will need to be pre-qualified for a loan as a single person. It is possible to get pre-approved and buy before your divorce is final but a lender will be needed to help you navigate through the process.