Divorce and Home Ownership. A house is more than an asset. It’s where you live.. It may make sense to own the house jointly for a period of time after a divorce. For example, Dad may agree to have Mom and the kids live in the house until the kids graduate from high school.. If that happens.
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Here are a few common adjustments: Broker’s fee Although you won’t be hiring a broker, the buying spouse sometimes negotiates to have an amount equivalent to half of the standard broker’s fee deducted from the agreed value, because the buying spouse may incur broker’s fees later, when the house is finally sold.
My ex lives in the area which just happens to have the. the school down the street from my house. This works out very nicely, the kids are within bike ride from mom/dad’s house and can take full.
Divorce and foreclosure often go hand in hand. If you find yourself facing a divorce, you may have questions about your current home mortgage, particularly who is liable for the debt after the divorce and how to avoid a foreclosure. Read on to get the information you need to help you through this difficult time.
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It can be the same house you lived in from before your marriage or a house you and your spouse purchased after the wedding. Who gets the house depends on where you live and if the house is joint property. State law governs property ownership and asset division during a divorce. Your state will follow either community or equitable distribution property laws. For example, in a community property state, you and your spouse will split divorce assets in half. This could mean that you and your.