What Happens to the House?
In a divorce there are several things to consider that might not immediately come to mind. In today's economy, one aspect that seems to slip through the cracks is what happens to your house or other property. A skilled Clearwater asset division lawyer can guide you through your decision-making process.
I am attorney Tamara K. Holden, and I understand the stress and frustration individuals face when trying to navigate all of the issues surrounding a divorce. People worry about financial stability, the best interests of the children and the pressure of starting a brand new life. One of the biggest single assets that needs to be divided is the family home.
There are many factors that need to be taken into consideration when deciding how to divide this asset, including:
- Are there kids involved? If so, if the children are attached to the house, there might be a valid argument for the primary custodial parent to keep the house. If no children are involved, the judge might order it sold.
- Was the house ordered sold? If so, one party could simply buy-out the other party and keep the house for him or herself.
- How is the market? If the market is bad for trying to sell the house, and neither party wishes to buy-out the other, do you want to risk putting the house up for sale? In these situations, it might be wise to consider a short sale with your bank.
Each of these questions and scenarios spiders out into different directions. Each answer to a question leads to more questions. The best thing to do is to consult with an experienced attorney and we can go through your options. We can work together to determine the best course of action.
To learn how this office can help you, please contact Tamara K. Holden, P.A., Family Law Offices, today. The office is open from 8:30 to 5, Monday through Friday, and we accept credit cards as payment.
From offices in Largo and Tampa, Tamara K. Holden, P.A. represents clients throughout the Tampa Bay, Florida area.
