Monday, July 23, 2007

Selling a House in a Divorce

One of the biggest issues facing divorcing couples right now is how they get rid of a piece of property in a real estate market that is anything but kind to sellers. Often times, a couple's biggest asset, as well as their biggest liability, is their home. When the decision has been made to sell the home, the question than becomes how do you sell it in a market like the one that exists today, and who is responsible for payments on the mortgage until that time. This is a growing concern, especially in cases where the current incomes of the parties are not sufficient to properly finance two households. Often times, people live together much longer than they would want to because there is absolutely no financial way around it. The following article discusses this problem and how some couples are choosing to deal with it:

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