When one spouse is willing to give up the home, the other then has the responsibility to refinance the house into their own name, or to sell it.
Any other situation leaves the other spouse – who doesn’t live there and no longer has an obvious interest in the house – on the hook in the event that the spouse who kept it falls behind on payments.
This can have catastrophic effects on your credit report, so making sure this is handled properly in your divorce is critical.
As Brooklyn divorce attorneys, we understand that one of the most important features of a divorce is separating our clients’ financial lives from those of their spouses.
Making sure ownership of large assets is properly handled is critical to our clients’ ongoing financial health, as well as their ability to obtain new credit or another mortgage down the road.
At Zelenitz, Shapiro & D’Agostino, we make it our business to protect you.
Call us today at 718-725-9601 and speak to an experienced Brooklyn divorce lawyer for free.