Avoid Foreclosure in Your Divorce
Posted on Mar 27, 2017
If you are in the process of filing for divorce, or you are just begining to think about divorce, planing for your home mortgage is a big step that many couples forget about or make the wrong decision that leads to foreclosure. There are several options for handling your mortage liability that will help you avoid struggling with a high payment that could end up with your home being foreclosed. These options include selling the home outright, selling via shortsale, ensuring one partner is financially capabile of paying for the mortgage alone, or renting out the house with the money being divided between both spouses. If the mortgage is simply too high and a foreclosure is pending, your best option is to speak with an experienced bankruptcy attorney who can guide you through the process and explain how to avoid a foreclosure for either party in the divorce. Click below to read the details of your mortgage options in divorce, and then schedule a free consultation with our attorney to answer your questions!
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