Deciding how to split the house can be the most difficult part of the divorced process for many estranged Texas couples. The home is often the most valuable asset a married couple owns, so its division drastically affects the split of the remaining marital assets.
Even if the couple can agree on an amicable split of their assets, they may encounter problems related to dividing the marital home. A situation often arises where one spouse gets to keep the home but both parties are still legally obligated on the mortgage. In most cases, the spouse who received the home would contact his or her bank and refinance without the ex-spouse on the new loan documents. However, this may not be possible if the new homeowner cannot qualify for a mortgage without the income of the ex-spouse.