To keep, sell, or refinance the house in Virginia divorce
Real estate is easy. Either one or the other of you keeps it, in which case you refinance the mortgage to remove your spouse from liability, or you sell it and split the proceeds. There’s not a lot of options, so we can often cut to the chase pretty quickly. I want to keep the…
Filed under: Uncategorized Tag with: divorce | marital property | marital residence | real property | refinance | separation | the house | underwater | virginia
Vacation Homes and Divorce
Equitable distribution is the fancy way we describe how property is divided in the Virginia divorce process. Under equitable distribution, the court looks at all a couple’s assets (the things that are worth money) and liabilities (yes, your debt gets divided, too!) and makes a determination about what each former spouse should take away from…
Filed under: Uncategorized Tag with: divorce | equitable distribution | equity | hybrid property | marital property | mortgage | real estate | real property | refinance | separate property | separation | underwater | vacation homes
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