Collaborative Divorce Texas

  • Donate
  • For Professionals
    • Membership Advantages
    • Events/Training
    • Become a Member
    • For Students
    • Volunteer at CDT
    • Advertise With Us
  • Contact Us
  • Login
  • Home
  • Find a Collaborative Professional
  • What is a Collaborative Divorce?
    • What is Collaborative Divorce?
    • Frequently Asked Questions
    • About CDTexas
    • Master and Credentialed Collaborative Divorce Professionals
    • The Gay G. Cox Award for Excellence in Collaborative Law
  • Blog
  • For Collaborative Professionals
    • Membership Benefits
    • Events/Training
    • Become a Member
    • For Students
    • Advertise With Us
    • Volunteer at CDT
    • Login
  • Donate
  • Contact Us
  • What is Collaborative Divorce?
    • What is Collaborative Divorce?
    • Why Use a CDTexas Member?
    • About Us
    • Master and Credentialed Collaborative Divorce Professionals
    • The Gay G. Cox Award for Excellence in Collaborative Law
  • Testimonials
  • FAQs
  • Blog
  • Find A Professional
    • How Do I Choose a Collaborative Professional?
    • Attorneys
    • Financial Professionals
    • Mental Health Professionals
    • See All

Donate

You are here: Home / Blog / The New Divorce Demand: “You Keep the House”

The New Divorce Demand: “You Keep the House”

October 27, 2011 By CDTx Staff - tcgi Leave a Comment

This blog article is from Jeffrey B. Thomas, J.D./CIMA®/CDFA®, a Dallas-based Certified Private Wealth Advisor and Financial Advisor with Raymond James Financial Services, Inc.

“Getting the house” – once the most coveted prize of a divorcing couple – has become a recession-era issue for divorcing couples.

Excess loan to fair market value challenges, insurance costs, reduced liquidity, increasing utility costs, maintenance considerations and undesirable neighbors all force divorcing couples to reconsider how important keeping or obtaining a residence during divorce really is. If you lived toward the top of your means when married, you cannot divide that lifestyle in half and afford the same kind of home. Even in cases where the divorcing couple wants to sell the home, agreeing upon a value and even the listing real estate broker can be challenging.

The American Academy of Matrimonial Lawyers reported in September 2011 that it had seen an 86% increase in divorce settlement complications over housing debt in the last three years. Fifty-three percent of the attorneys noted a rise in relocation requests for children in custody, but only 21% of those requests were actually being granted.

The federal government is actively considering various proposals to give homeowners that are current on their mortgages some relief to refinance their homes even if the value of the debt exceeds the value of the home. While refinancing a home is not the end-all of the issue of ultimate home ownership during divorce, it may be important to follow this legislation as it moves through the process.

Losing a home is painful enough for adults, but it can be even worse for the children. Switching schools, finding new friends, and dealing with bitter parents can all add to the anxiety of a child. It takes all of the members of a collaborative law team, plus their network of real estate professionals, to create the best solution available within the reality of a given financial picture. Such a network would include an experienced mortgage advisor, a real estate agent, an appraiser and a property management individual who can accurate advise on potential leasing arrangements of the home pending a sale. Great deference by the parties and the team should be given to these professionals and their collective guidance on an appropriate resolution.

About CDTx Staff - tcgi

Filed Under: Blog, Divorce and Finance, Financial Professional Perspective on Collaborative Divorce

Leave a Reply

Your email address will not be published. Required fields are marked *

Find a Professional

Getting started with the Collaborative Process?

First your need to connect with a trained Collaborative Professional.

[Find Out More....]

Articles by Category

Featured Video

  • Collaborative Divorce Testimonial
  • Child of Divorce

Why Collaborative?

  • Jennifer Leister
  • Steve Walker
  • Carla Calabrese
  • Dawn Budner
  • Becky Davenport
  • Jody Johnson
  • Honey Schef
  • James Urmin
  • Kurt Chacon
  • Natalie Gregg
  • Robert Matlock
  • Deborah Lyons
  • Carlos Salinas
  • Camille Scroggins
  • Linda Solomon
  • Richard Soat
  • Lisa Rothfus
  • Jeffrey Shore
  • Barbara Cole
  • David Brunson
  • Jennifer Tull
  • Syd Sh
  • Susan Z. Wright
  • Christi Trusler
  • Camille Milnser
  • Linda Threats
  • Sarah Keathley
  • MaryAnn Kildebeck
  • David Bouschor
  • LIsa Marquis
  • Harry Munsinger
  • Vicki James
  • Robin Watts
  • Katie Berry
  • Jack Emmott
  • Jennifer Broussard
  • Patricia Havard
  • Paula Locke Smyth
  • Laura Schlenker
  • Norma Trusch
  • Brett Christiansen
  • Tim Whitten
  • Mickey Gayler
  • Melinsa Eitzen
  • Julian Schwartz
  • MaryAnn Knolle
  • Chad Olsen
  • Chris Farish
  • Charles Quaid
  • Anne Shuttee
  • Barbara Runge
  • Rhonda Cleaves -
  • Jamie Patterson
  • Catherine Baron
  • Kristen Algert
  • Sandra Roland
  • Rhonda Cleaves 2
  • Gratia Schoemakers

Have you read?

How Fast Does a Collaborative Divorce Move?

One question that comes up about collaborative law is, "How quickly can we reach a divorce?" As we were reminded, looking at an article on the subject from Fort Worth-based collaborative lawyer Dick … [Read More...]

More Articles from this Category

The Collaborative Law Institute of Texas

d/b/a
Collaborative Divorce Texas

Proud Members of IACP

1400 Preston Road
Suite 400
Plano, TX 75093
(972) 386-0158

Please note: Our office will be closed on

Holiday closures:
Limited: Nov. 23rd & 24th
Closed: Nov. 25th , 26th and 27th

Christmas:
Closed from December 24-December 30, 2022.
Offices open on January 2nd, 2023.


Website Terms of Usage

Contact Our Webmaster

 

Follow Us

  • Facebook
  • LinkedIn
  • Twitter
  • Vimeo
  • YouTube

Search Our Website

Find A Professional

  • Find a Collaborative Professional
  • Attorneys
  • Financial Professionals
  • Mental Health Professionals
  • See All
EnglishFrançaisDeutschItalianoPortuguêsEspañol

Copyright © 2023 · Collaborative Divorce Texas · All Rights Reserved

· · ·

Web Design and Maintenance by The Crouch Group