Tampa, Fla. \u2013 In these tough economic times, the question of who gets the marital home in a divorce is complicated.<\/p>\n
Many homes that were bought during the booming real estate market are not worth what they were bought for, leaving negative equity. Added to that is the fact that the person getting the home may not have enough income to pay the mortgage solo or refinance it into their name alone. Sometimes banks allow a spouse to \u201cassume\u201d the mortgage, but they will still be cautious about an individual\u2019s financial history. With few attractive options, many spouses wonder what could be the harm in remaining on the mortgage after the divorce. While this may be the only solution at the time, it leaves the party who doesn\u2019t get the house on the hook, and may prevent them from purchasing another home.<\/p>\n
Many Florida divorce cases are resolved through a marital settlement agreement, (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Tampa, Fla. \u2013 In these tough economic times, the question of who gets the marital home in a divorce is complicated. Many homes that were bought during the booming real estate market are not worth what they were bought for,…<\/span><\/p>\n