Arizona Gray Divorce Real Estate Information
The phrase “Gray Divorce” refers to divorces involving spouses over the age of 50, and who are typically members of the Baby Boomer generation. In Arizona, this is a large part of our population.
While the overall divorce rate has declined over the past two decades, the divorce rate has doubled for people over 50, and this trend of older couple divorcing has been coined Gray Divorce.
Why Are More People Divorcing Later In Life?
Of course, there are many different circumstances that will trigger a divorce later in life.
Divorce Seems to Repeat Itself
Some people in their fifties are on their second, third and fourth marriages. Divorce statistics show the divorce rate for people over 50 who have been married more than once is 2.5 times higher than those who have been married only once. For people who have remarried and who are over the age of 64, the divorce rate is nearly four times higher than those with only one marriage.
People Postpone Divorces
Couples with children often postpone a divorce until after their children are grown. One or both spouses aren’t happy in the marriage, but they choose not to divorce until their children are raised.
Other couples find that after their adult children leave the family home, their marriage is no longer strong enough to survive.
When one or both spouses retire, they may have had different ideas about what ‘retirement’ would look like for them. One wants to sit on the back patio in the rocking chair, and the other wants to travel the world. People realize that ‘life is short’ and they want to enjoy their retirement their way.
What to Do With the House?
Whatever the reason for the divorce the couple needs to decide what to do with the house they both own. Should one keep the house, or should the spousal home be sold?
We Can Answer the Questions
Throughout this website is a large amount of information that can start to answer the questions you may have. If you would like to discuss the issue further we have many professionals who can help you, and many do not charge for their professional insight.
We invite your inquiry and look forward to helping you. Complete the contact form below and we’ll be in touch, or call us at 480-442-6585.
Additional Reading, Click the Links Below:
WHAT WE DO:
We specialize in helping couples who plan to divorce avoid making expensive and long-lasting mistakes with the marital home.
We help attorneys, paralegals and mediators gather information and documentation to enhance their divorce case files.
HOW DO WE DO THIS?
We do this by helping people completely understand all of their options with the marital home including keeping the home, selling the home, mortgage and refinance options, and explaining why home due diligence, updated credit reports, and title searches are so important.
We explain to our clients how their decisions with respect to the home can impact their quality of life for many years to come.
We help our clients prevent credit damage and preserve their ability to buy a home in the future.
With the information we can provide families can make better decisions and perhaps avoid making expensive and long-lasting mistakes.
Our initial pre-divorce consultations are provided at no charge.
HOW DO WE HELP ATTORNEYS AND MEDIATORS?
If you use appraisals in your practice to help determine the value of a home we can show you at least two gaps in the case file that can be detrimental to your clients.
We’ll explain why house due diligence is very important to determining actual value.
We’ll explain why a CLUE report should be part of your case file.
Our title company partners can provide title and lien searches on the property so no unexpected surprises surface during the process.
We can confirm equity in the house, check for mechanics liens and check to see if there is a home equity line of credit (HELOC) that has the potential of decreasing the equity in the home.
Our assistance helps you gather the details you need, creating less busy work for you and your paralegals.
The information we produce can bring about more cooperative clients.
WHY DO WE DO THIS?
We provide our initial pre-divorce consultations at no charge.
We provide our initial information for attorneys, paralegals and mediators at no charge.
We do this in the interest of consumer protection, helping our clients protect their credit ratings and preserve their future home ownership capabilities.
If the couple decides to sell the marital home we hope that our information has been helpful and they will consider us for the listing and mortgage or refinancing of the home and/or new homes.
Less than 1% of all real estate agents, mortgage loan professionals, and title professionals have the Real Estate Collaboration Specialist - Divorce (RCS-D) designation. Agents without this designation could just be guessing how to advise you through this difficult time, we'll give you the facts that only professionals with our specialized training can provide.