When a marriage ends, the family home often becomes the most contested asset. 7 Lakes Properties provides a fast, neutral, fair solution that satisfies both parties and clears one of the biggest obstacles to finalizing your divorce.
In Michigan, marital property is divided equitably — meaning both parties must agree to the sale and both sign the contract. 7 Lakes Properties' process is designed to be transparent and fair to both sides — we have no stake in the dispute. For a complete overview of how cash home buyers work in Michigan, see our Michigan cash home buyers guide.
Divorce proceedings often can't be finalized until marital assets — including the home — are divided. A fast cash sale can dramatically accelerate the legal process, allowing both parties to move on sooner. We can close in as little as 10 days once both parties agree.
We understand the sensitivity of divorce situations. Our team maintains complete confidentiality and professionalism. We work with both parties separately or together, as you prefer, and avoid anything that could inflame an already difficult situation.
When divorcing spouses can't agree and a judge orders the home sold, cash buyers are often the only parties who can close fast enough to satisfy court deadlines. We're experienced in court-ordered property sales and understand the documentation requirements.
Yes. If both spouses are on the title, both must sign the sales contract. If a court has issued an order requiring the sale, a court-appointed receiver or the executor can sign on behalf of the estate if one party is uncooperative.
Yes, and it's often faster to do so. The proceeds are held in escrow or distributed per a written agreement between the parties or court order. Many divorce attorneys recommend selling the home early to remove it as an ongoing point of contention.
The spouse who wants to keep it must buy out the other's equity interest. This typically requires refinancing into a new loan in their name alone. We can provide a fair market valuation to help establish the buyout price.
Michigan presumes equal (50/50) division of community property unless the parties agree otherwise or a court orders a different split. Your divorce attorney will document exactly how closing proceeds are to be distributed.
