You can divide the properties with you each taking one, however, it sounds like this is not an equal distribution. So in that case, the values of both homes (A1 = fair market value at date of separation; A2 = fair market value at date of separation - principal mortgage balance at date of separation) are put in a balance sheet, along with all of the other marital assets and debts, and they are balanced against each other in the aggregate to determine a net value that each spouse is keeping. If one spouse is keeping more value than the other, then that spouse must pay the other spouse to equalize the distribution.
To get either house in your name only, she will have to sign a quitclaim deed conveying her interest in the property to you. To get the mortgage in your name only, you will have to refinance the mortgage by yourself or with a third party cosigner.
Attorney with Rosen Law Firm Cary • Chapel Hill • Durham • Raleigh • Wake Forest
Rosen Online | Unlimited confidential access to a North Carolina attorney for $199/mo - click here
The response posted above is based upon the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with an attorney, fully explain your situation, and allow the attorney sufficient opportunity to research the applicable law and facts required to render an accurate opinion. The basic information provided above is intended as a public service only, a full discussion with an attorney should be undertaken before taking any action. The information posted on this forum is available for public viewing and is not intended to create an attorney client relationship with any individual. These answers are provided for informational purposes only, a person should consult with their own individual legal counsel before taking any action that could affect their legal rights or obligations.