January 29th, 2008
Love, Support, Advice, And Counsel - A Divorce
Even if settling a divorce doesn’t approach the magnitude of the Polskys, the process is nonetheless complicated and sensitive, to say the least.
Next to custody issues, the process of separating assets is often the most delicate, and the family homestead (and other real estate) typically looms largest among these.
There are several options to consider, but let me first point out that most lenders are not bound by divorce decrees regarding the payment of debt. This means that late mortgage (and other) payments will negatively affect credit scores and will, thus, limit the ability of either party to secure future financing.