What Happens To The House?
For most couples, the family home is their largest single asset, with the possible exception of retirement accounts. The home is also the physical embodiment of a significant emotional investment. What happens to the house is therefore is a major concern during the divorce process.
At Dianne Drew Butler & Associates, Inc. in Stockton, we have extensive experience in all types of property division matters. We work hard to place our clients in the strongest position possible after divorce, so that they can move forward in their lives in a positive manner. That includes enable our clients to keep their homes after divorce — when it makes good financial sense. That said, there are many things to consider when deciding whether to keep the family home.
To schedule a consultation with an attorney about your situation, call us at 209-390-8829.
Will You Be Able To Keep Your Home? Should You Keep It?
Some of our clients have a strong emotional and practical attachment to their homes, and wish to keep them after divorce. When advising and representing you, we will thoroughly review your situation.
Some of the questions we will ask include the following:
- Will you be able to afford the mortgage payments, maintenance costs and property taxes on your home?
- Are there significant deferred repair needs that will have to be addressed if you keep the house?
- After you pay your housing costs, will that leave you with sufficient income to pay for your other living costs?
- Would you be better off selling your existing home and buying a lower-cost home?
- Would you be better off renting a different house or apartment rather than keeping your home?
Our attorneys have creative solutions that enable many of our clients to keep their homes after divorce. If it makes sense for you, we will do everything we can to make that happen.
While keeping the family home is desirable in many ways, it’s not always the best solution for some people. We will review your situation and provide the common sense and practical advice you need.