There are some ways to deal with the home if the divorce is final. If the value of the home is lower than the current mortgage balance, they both can decide on waiting to sell, until the value goes up. This has its own advantages and disadvantages. Even after the divorce, they both will retain the title in the home.
Those divorcees facing a serious financial pitfall and have been forced into this situation, sometimes choose to retain the joint ownership works. If the financial implications are really that severe, then they both can choose to live in the same house and lead separate lives. Since this option carries several negatives, it should be exercised only if there are no other viable choices.
It also needs to be decided as to who will pay the mortgage, costs of maintenance and other taxes, if the dual ownership has to continue. When the property will be sold must be specified. If one should disagree to abide by the terms of the agreement, how it will be dealt with should also be mentioned.
In the end, there are also some issues that most divorcees do not anticipate. An ex-spouse living in the house might allow someone else to move in. The property sale might not happen within the stipulated time. The one occupying the house might act in a way that harms the sale.
Also, one spouse might remarry and would force the sale of the property before the time is ripe for a profitable sale. Such factors must also be accounted for while deciding to deal with a property after divorce.