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Keep the Family Home or Let it Go? 

If you're getting a divorce, real estate lawyers have a tip for you: "Divorce your house, then your spouse."

 

Even under normal real estate conditions, it's important to look at the real cost of keeping your home. Hidden costs like home owners association dues, and maintenance fees can add up.  Top that with the cost of getting a divorce and the equity you were hoping would keep you afloat could be the stone tied to your leg dragging you under.

 

Take a close look at your financial situation before you divorce, and then decide if the home is worth the expense. Experts advise that the problems of homeownership can be easily fixed before divorce, but are nearly impossible to alter after everything is final.

 

Source: www.latimes.com

by inthenews  754 Posts 

Posted on 1/5/2009 1:25 PM
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