No one wants the house.
A friend of mine, Bob Wattral, sent me an article from MSN Money titled, ”A recession divorce: no one wants the house.” (A link to the article is below) It is a good article discussing the difficulty with handling the house when parties divorce. The house is often an emotionally difficult issue, but these days it is also a financially difficult one. Houses sit on the market for a year or longer. Houses are no longer worth what they were purchased for just a couple of years ago. People loose their jobs and the pay to cover the mortgage is gone. Attorneys try to do their best to predict what will be financially beneficial to his or her client; however, we cannot predict the future. This article has basic tips on your options when you are divorcing.
To me the more interesting part of the article is the discussion. All I can say is wow. I know these feelings are out there, but I was just shocked that such a mundane article would bring out such strong feelings. I guess that’s my daily reminder that divorce is the most difficult time that most people will ever go through. Our firm’s commitment to minimizing the difficulty of divorce is a commitment that must be renewed every day for the sake of our clients!
http://articles.moneycentral.msn.com/Banking/HomeFinancing/a-recession-divorce-no-one-wants-the-house.aspx?GT1=33006
