The house and what to do with it after you divorce can be a very big headache for couples. For one thing, you have to buy out and for another thing you have to refinance and for a third you have to pay the mortgage all alone on one salary. This is often not only […]
So it is possible, post-split, that a board could withdraw its approval of the now single tenant. The board conceivably could force a sale of the coop
After divorce, one of the first things you often need to do if find a new home – if you were not awarded the marital residence in the settlement agreement. Sometimes, depending on your income bracket, you may be looking for a new time share or vacation home in addition to just a new post-split domestic domicile. Often times (but not always) you will be downsizing since not only the family unit is smaller but so too is the wallet size given that once there were two and now there is only one. So these can be very stressful undertakings and considerations. Here are some tips for maneuvering the situation without completely becoming undone in the process.
Memories are hard to let go For many couples, one of the biggest and most difficult issues is the marital residence. Who gets it after a divorce? For couples of modest and ordinary means (as compared to affluent couples) the marital residence is usually the main asset, the biggest most valuable thing they own together. […]
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The pile up of homes in New Jersey that are “unsellable” continue to mushrooom. This is having a very serious effect on couples in the divorce process. Many are left with having to make tough choices, like: staying together and eschewing divorce even if the marriage is miserable; living under the same roof even […]
SHANGHAI: Fake divorces on the rise: New Chinese law that limits home buyers to one home triggers rise in fake divorces
The Chinese are getting fake divorces according to China Daily and CNN We ran a story about this a few months ago but I just read this in CNN this morning as I was in the middle of my morning espresso (which I imbibed with two stolen Tootsie Rolls (kleptoed from a huge bag of […]
CHINA: And you thought the only thing fake in China were the Gucci bags. Turns out, China, in an effort to stop speculation on housing, has tightened the terms of mortgage lending for second homes, forcing married couples with money to invest in second homes to divorce each other in order to obtain more favorable […]
Do you need more proof that the global economic slump has impacted even the divorce industry? Take a read at this article about what Spaniards are offering couples to get divorced http://www.telegraph.co.uk/news/worldnews/europe/spain/5207577/Spanish-estate-agents-offer-free-divorce-with-every-home.html They are offering free divorce lawyers in exchange for home purchases. I am sure you’ve heard that a lot of people around the world, […]
On divorce & real estate: is the economic downturn making selling the marital residence a losing proposition?
Each winter, I try to make a couple of trips out to Bridgehampton via the Long Island Railroad. I find it incredibly beautiful and relaxing and usually tote a few magazines which I can read over the course of the two hour trip. But I hardly ever read because I am always so enamored with the winter […]
The New York Observer ran an arcticle yesterday about how reports that a slew of high profile divorces between these high net worth celebrities have been keeping the seven figure real estate market afloat during this awful economy. As part of their divorce settlements, these former spouses made out like bandits. But they are not stupid. […]