Staying the Same House After Divorce? Things You Need Consider
I know this is a question many divorcing couples will face. If you bought your house in 2006, 2007 or even 2008, you may not have a choice in this matter as the value of your home may be worth less than you paid for it and thats another article for another day. But if you bought your house prior to the bubble, and there is some equity in it, first of all, congratulations and second of all, what do you do with it? When it comes to your house and divorce you have three choices as I see it: Option 1: Stay in it until such time when you both decided to sell In this case, either one or both of you would live in the house as roommates and share in the care and upkeep of the home. If you were to live together, you would each come to an arrangement on how both the basic expenses of the home were taken care of, any minor repairs or updates and any capital repairs that may be needed such as a boiler or roof. In the case where only one of you would live in it until you both