When a marriage ends in divorce, one spouse may want to keep the marital home or other assets. In this case, they will need to buy out their spouse’s share of the property. There are a few different ways to do this, and the best approach will vary depending on the circumstances of the divorce.
One option is to simply pay your spouse their share of the equity in the property. This can be done in a lump sum or through a series of payments. If you do not have the cash to buy out your spouse, you may be able to get a loan from a bank or other financial institution. Keep in mind that this will add to your debt and could increase your monthly expenses.