Many couples in Texas struggle with dividing their residential property amicably while negotiating a divorce. Buying a spouse out of the property may prove to be difficult if both parties can't agree on terms due to individual equity and debt agendas. However, there are several strategies that many divorcing spouses have used.
People who have yet to officially separate or divorce may experience problems obtaining a new mortgage without the cooperation of the ex-spouse. The vacating party may need to sign a quitclaim deed in order to release their interest in the property and be clear of potential complications in the future. In some cases, the judge may award the home to a spouse who is unable to qualify for a new mortgage that refinances the ex-spouse out of the contract. Divorcees are often considered to be jointly liable by creditors if their name is still attached to the property.