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We need to sell the house, but the divorce is making a sale complicated – I’m worried about foreclosure!

Answer

A divorce can easily become an economic disaster for a family. In a traditional divorce, extraordinary expenditures or sales of property are prohibited during the protracted litigation process unless agreed to by all parties.  One party can also petition the judge to have a hearing to decide if the marital residence must be listed for sale.

In a Collaborative Divorce, efficient communications and a lack of red tape allow couples to address pressing financial issues quickly. This is important since both spouses need to agree if they intend to sell their house.  If a financial neutral is part of the Collaborative Team, he or she can "weigh in" on financial matters and force parties to face economic realities.

Category

Collaborative Law , Divorce and Family Law

Tags for this item

collaborative law , divorce