Who "gets" the house in a divorce?

By
Real Estate Broker/Owner with Blackburn Coastal Realty

One of the big causes in divorce cases is family financial turmoil. Divorce lawyers were all trained that the wife-mother "gets" the house...usually with a quit claim deed along with other financial agreements. NOW...who gets or wants the house? No one, if a mortgage is attached...at least in Florida where most of our houses are underwater.

Posted by

William B Blackburn, Broker

Blackburn Investors Realty, Tampa Bay, Florida

JD, GRI,CDPE,CIPS

www.BlackburnInvestors.com

727-322-2900

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Rainmaker
647,985
Team Honeycutt
Allen Tate - Concord, NC

That is very interesting! I haven't heard that before!

Jul 30, 2010 07:48 AM #1
Rainmaker
147,437
Krista Lombardi
Prudential Calfornia Realty - San Diego, CA

That gives me chills...

Jul 30, 2010 07:48 AM #2
Rainmaker
492,857
Dale Bledsoe
Crown Key Realty - Tracy, CA
Realtor in Tracy, California

Interesting point of view. Amazing how times have changed, now no one wants the house. I should have been so lucky. Good perspective William.

Jul 30, 2010 07:48 AM #3
Rainmaker
589,983
Phil Leng
Retired - Kirkland, WA
Phil Leng - Retired

Interesting twist on the plunging market.

I guess if I was HER divorce lawyer, I would give her the house to live in with the kids, and him the bill to pay for it!

Different problems than a few years ago!!

Phil

Sep 05, 2010 06:35 PM #4
Rainer
148,720
William Blackburn
Blackburn Coastal Realty - Redington Shores, FL
Blackburn Coastal Realty, We work at the beach.

Thanks for your comment, Phil.

As we all know, financial difficulty is one of the chief reasons for marital discord and divorce.  We have a wave of new ones here creating all sorts of financial planning difficulties for both parties.

What our market needs is a reset button!

Bill Blackburn

Sep 06, 2010 05:19 AM #5
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Rainer
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William Blackburn

Blackburn Coastal Realty, We work at the beach.
We live and Work at the Beach....we know the Tampa Bay Beaches
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