Mediate Michigan

While divorce can be an emotional roller coaster, the one area that needs reasoned, dispassionate, businesslike treatment is what to do with the real property assets of the divorcing duo.

The same principles apply whether the property in question is a modest condominium serving as the couple’s principal residence or a large portfolio including vacation and investment properties. The most important thing to remember: Never sign over your ownership interest in any real estate until your obligation to pay the outstanding loans secured by that real estate have been paid off or otherwise accounted for in the property settlement agreement.

via Property questions abound in a divorce situation.