That depends on a lot of factors. An inability to decide on the ultimate disposition of a property can lead to a contested divorce and a trial, where the judge will make the final determination.
On the other hand, if you are both willing to explore other options, there are a number of opportunities you can consider, such as using the property as a rental home from which you’ll split the profits for years to come.
For many people, the emotional attachment to a home they’ve invested substantially in makes it extremely difficult to envision a future where they don’t live in it, but when spouses fight, judges ultimately decide.
If you are both committed to retaining the property, but can accept alternative scenarios, you’ll have more power to decide its ultimate fate.
The attorneys at Zelenitz, Shapiro & D’Agostino can help. Call us today at 718-725-9601 for a free consultation.