If Arnold Schwarzenegger Divorces He Will Not Need to Short Sell His House

By
Real Estate Agent with Keller Williams Realty Louisville East (502) 664-7827

Arnold Schwarzenegger and Maria Shriver from Kennedy fame may divorce. If they divide the marital homes they will not have a problem paying the mortgages, if they have any.

Most Americans, however, are not in that position. Once the reality of divorce sets in, the question of selling or keeping the marital home often becomes a highly contested issue. In today's housing crisis, the liquidation of the house is usually more a division of excess debt rather than a division of excess profit.

Caution! Marital Mortgage Debt!

Unless you have Schwarzenegger / Shriver / Kennedy resources, you should be very careful when agreeing to any divorce obligations related to the mortgage payments.

You and your divorce attorney should always call a short sale expert Realtor. An unsustainable mortgage payment on a house with too much debt will spell disaster sooner or later. It could lead to foreclosure and bankruptcy.  Lawyers are not necessarily real estate experts.

Call a Realtor who specializes in short sales of divorce mortgage debt

In the Louisville, KY and surrounding counties, please call Dave Halpern, Real Estate Broker, Louisville Short Sale Expert. Call anytime (502) 664-7827

Posted by

 

 

Dave Halpern, Realtor

The Dave Halpern Real Estate Group

Keller Williams Realty Louisville East

Website David.DavidHalpernRealtor.com

(502) 664-7827

 

 

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Comments (3)

Sarasota & Manatee Counties FL
SaraMana Properties - QuickFreeMLS.com - Bradenton, FL
QuickFreeMLS.com - Listings In Paradise

That was an interesting way to work in current events with your real estate niche! Good job!

May 22, 2011 10:59 AM
Greg McCown
Century 21 1st American - Tucson, AZ

Good advice!  I have a couple lawyers who have called me in the past for help in determining value and potentially listing a house for those going through a divorce.  It's an interesting process and a good source of business.

May 23, 2011 07:58 AM
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Divorce often leads to bankruptcy. A short sale could remove a big chunk of the marital debt and possibly help avoid bankruptcy.

Sep 23, 2011 04:56 AM