When one spouse is awarded primary custody of the children, judges are often reluctant to interrupt the status quo – resulting in that spouse getting the house. However, because it is usually difficult for one spouse to handle the mortgage and running the household alone, the couple usually ends up selling the house and dividing… Continue reading →
Posts Tagged ‘equity’
Divorce and the family home
Keeping the family home can be quite challenging during divorce, especially if the parties have little or no equity in it. Once upon a time, families owned their homes outright without any mortgage payments. Today is a different story – many mortgage payments cannot be made or worse, homes are in foreclosure. Today’s economy has… Continue reading →
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