A divorce already means splitting everything in two. When the house has no equity, there’s nothing to split, and selling it the normal way can cost money instead of making it.
The Story
The couple in Davenport were divorcing and needed to sell. The problem: they owed about what the house was worth, it had solar panels on the roof, and no buyer was willing to pay what was owed. After commissions and closing costs, a traditional sale would have left them short.
We took over the existing mortgage (a subject-to purchase), and structured the deal so both spouses received an equal amount. Each of them could move on separately, without a house tying them together.
About Solar Panels
Solar panels are often financed or leased separately from the house. That can mean another payoff, a transfer of the agreement, or a buyer who has to qualify for it. Find your solar paperwork early and include it in any offer conversation.
Selling a House During a Divorce: What Helps
- One offer for both spouses. We talk to both of you and give one written offer, so nobody feels the other is negotiating behind their back.
- Follow the agreement. We structure the closing to match your settlement or your attorneys’ instructions.
- No equity isn’t the end. Taking over the existing mortgage can work when a regular sale can’t.
We buy across Polk County and Central Florida: Davenport, Winter Haven, Orlando and Tampa.
Selling a house in or near Davenport? Call (786) 982-8464 or get your free cash offer online. See our Davenport page for more.
Subject-to purchases leave the existing loan in the seller’s name, and most mortgages have a due-on-sale clause. Every seller should have an attorney review the agreement. See our plain-English subject-to guide.
The address and the owners’ names are kept private. This article is general information, not legal advice.