While divorce proceedings take place, both parties usually want to stay in the family home. It’s a safe place to be while everything around them seems uncertain and scary.
Two questions that often come up are, 1) “How will the mortgage payment be made?” and 2) “Does it make financial sense to live there?” It would be wise for you to stop and consider what your expenses will be in keeping the house.
You have some options to consider:
· The wife remains in the house and the husband pays the mortgage
· The wife or husband buys the other person’s half of the house
· Consider co-ownership
This can become a complex matter and you should contact an experienced Orange County Family Law attorney who will discuss your options with you and help you come up with a plan that is best for you and your children.