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      Home Divorce and Real Estate

      Real Estate and Divorce

      Chuck Marunde by Chuck Marunde
      December 31, 2008
      Reading Time: 2 mins read
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      Sequim Real EstateGetting a divorce is . . . well, a real pain-in a lot of ways.   It used to be that one of the arguments in a divorce would be who gets to keep the home, but now we have a new twist:   who gets stuck with the home?

      With nearly one in six homes worth less than the mortgage owed on it, according to Moody’s Economy.com, divorce lawyers and financial advisers around the country say the logistics of divorce have been turned around. “We used to fight about who gets to keep the house,” said Gary Nickelson, president of the American Academy of Matrimonial Lawyers. “Now we fight about who gets stuck with the dead cow.” [Read Housing Market Divorce Twist]

      I recently facilitated ((For more about how I “facilitate” a sale, email me at chuckmarunde@gmail.com)) the sale of a Sequim home to a California buyer, and the Sequim owners are in a divorce, but in this case, there is equity and the net proceeds are to be divided as in most cases, half and half.   These Sequim sellers were really quite lucky to connect with a buyer in this market and at this time of year.

      A divorce creates a fairly serious dilemma for selling real estate, because a divorce is a time when all the dysfunctional baggage of both people creates a significant probability that one of them will end up sabatoging the sale.   I’ll write more about how to deal with such issues in another article, but believe me, as a real estate lawyer, I saw the worst in people come out during divorces when there was real estate and future income involved.

      You’ll find more articles on handling real estate in divorce situations by going to the main real estate blog and typing “divorce” without the quotes in the search box.   This search will also work for hundreds of other topics on real estate.

      Courtesy of Sequim & Port Angeles Real Estate, LLC.

      Last Updated on December 31, 2008 by Chuck Marunde

      Tags: divorcereal estate
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      Chuck Marunde

      Chuck Marunde

      Chuck grew up in remote Alaska, graduated from the University of Alaska with a degree in Economics and Teacher Certification, and after teaching high school for two years, went to law school at Gonzaga University in Spokane, Washington. He served four years as a Captain and JAG in the USAF at Nellis AFB in Las Vegas. After practicing real estate law for 20 years in Washington, Chuck founded iRealty Virtual Brokers covering Sequim and the beautiful Olympic Peninsula. He is the author of 2,200 real estate articles and a dozen real estate books, and he produced over 100 real estate videos. Chuck combined his love for real estate and technology to create a massive Internet presence, and his articles and videos and books have been viewed by millions. Chuck is a well recognized real estate expert and his counsel is sought by other brokers and practicing attorneys around the country. Buyers from New York to Hawaii and from Florida to Alaska seek him out to retain him as their buyer's agent, and home owners around the State of Washington seek him out because of his new Flat Fee Listing Service. 

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      Comments 2

      1. Home Equity Loan Maryland Online says:
        14 years ago

        Your website is beautifully decorated and easily navigated. I have enjoyed visiting this site regularly. I think one of the things you do better than any other real estate blog I’ve read is you keep a lot of very substantive content. Your articles are not fluffy light stuff, but really solid content. I appreciate that, and I’m sure your other readers do too.

        Reply
      2. Boston Divorce Attorney says:
        11 years ago

        Although divorce between two persons can create a big problem in many ways but the fact is that if they find a right way to do this then it will be much more easy for both of them. For that a professional and well experienced divorce lawyer is the answer to any problem that relates to divorce and its related matters, he is the one who can help you in the lawful way to get the job done. Thanks for posting.

        Reply

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      • Home
      • Search MLS
        • Sequim MLS
        • Sequim MLS Map Search
        • Port Angeles MLS
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        • San Juan Islands MLS
        • All Islands MLS
        • How to Search the Sequim MLS
      • Videos
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