What to Do After Losing Your House in a Divorce

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  • James Johnson

      There are numerous ways that someone can lose their house in a divorce, with the most common reason being that the house must be sold in order to divide the couple’s marital property equitably. Losing a home in divorce is a difficult experience to endure, and figuring out what to do and where to go afterward can be confusing. Here are some things you can do to get your life back on track.

      Focus on Yourself
      Among the first steps to focusing on yourself after divorce is to update all your important documents to reflect the separation, including your estate plan, power of attorney, and health care directive. Making sure your former spouse is correctly listed or removed from these documents will help solidify the divorce in your mind and could help you begin to move on.

      Look for a Home of Your Own
      When you’re looking for a new home following a divorce, there are two primary options—renting and buying. Immediately following your divorce, it is likely a better option to rent a home for the short term. This will give you time to adjust to your new cash flow and the expenses of living on your own, which will make it easier for you to plan the next steps you want to take in your life. However, with the rising costs of rent, it is actually considered a better financial move to buy a home in some areas of the country.

      Focusing on yourself legally and mentally is the best thing you can do for yourself following a divorce, especially if you lose your house and feel adrift in your new single life. Losing the marital home doesn’t mean your life is over. Once you grow comfortable with your new living situation, you’ll be able to focus on your goals and continue to find your path in life.

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