Divorce & Real Estate Issues in Morris County
Dividing Physical Property in Divorce Cases
The division of marital assets can be a complex and difficult process in any divorce case. Real estate can make the division even more tenuous for all parties involved since it is real estate can’t be split down the middle in most instances. An accomplished Morris County attorney can provide you with valuable insight and representation for real estate matters. Our family law team at Levine & Levine realizes how important real estate can be for many of our clients and we can work towards finding a positive decision through mediation or litigation.
If you have questions about how your real estate could be affected by a divorce, call (973) 718-3999.
Issues & Problems You Could Face in a Divorce
It is common for real estate owners to face legal situations regarding:
- Who is responsible for the payment of outstanding mortgages
- Any side agreements that are not mentioned in the divorce decree
- Short sales of properties
- Joint residency
- The proper valuation of a residential or commercial property
Division of assets can be done amicably by the spouses or as a court appointed arrangement. When making a decision about the home, there are three possible outcomes:
Sell the house and split the proceeds
One spouse keeps the home and refinances the mortgage to remove the other from the loan
Both former spouses keep the house temporarily.
What Helps Resolve Real Estate Matters Quickly
A major cause of tension in divorce proceedings is when there are hidden assets. Common assets include real estate, homes, stock options, and bank accounts among others. It can be helpful to the process to fully disclose all property and assets and provide any necessary documents.
For Legal Help Regarding Real Estate in Divorce & Family Law Matters, Call Our Firm!
At Levine & Levine, our lawyer in Morris County has dealt with a wide range of legal issues over the course of his 30-year career. Attorney Levine can take the time to examine your case, listen to you, and develop a legal strategy that is based on finding a positive outcome for you!
Contact us at (973) 718-3999 to set up a consultation with our Morris County lawyer!
“Great lawyer!”- Debra M.
“Knowledgeable and informative. Highly recommend.”- Athen P.
“Compassionate, easy-going and very easy to work with.”- Brian F.