By Robin Roshkind, Esquire, West Palm Beach, Florida
It used to be that divorcing couples would fight and litigate over which one of them would get to stay in the marital home. Today, because homes have lost up to 30% or more of their value, now divorcing couples are fighting over who will not get the marital home.
But this is something to reconsider…if one spouse is going to buy out the other and stay in the marital home, the “buying” spouse is getting a bargain…due to the deflated value of the home. And that is determined by the fact that there is some equity remaining…if there is no equity, as in the house being under water, there is nothing to buy out except assuming the debt.
Assuming debt is a fair deal, because the remaining spouse will continue to live there and should pay for it. For more information on this or other divorce topics, call one of the divorce lawyers at ROBIN ROSHKIND, P.A. at 561 835 9091 or click on the Firm’s web site at www.familylawwpb.com for more information.