Divorce Settlement Complications Because of Housing Debt


Survey Reveals Enormous Rise in Divorce Settlement Complications Because of Housing Debt

When people decide to attempt to negotiate a settlement in order to avoid a fully litigated divorce, they clearly have many issues to resolve that must be properly handled before that marriage can be legally dissolved. Generally, the financial aspects of a negotiated divorce settlement are extremely complicated, and most of the problems that have arisen over time have involved the decision regarding which spouse kept the marital house and how that debt would be handled.

However, a recent survey of the American Academy of Matrimonial Lawyers has revealed a growing and relatively strange trend, although when applied to the current economic decisions it seems quite logical. Instead of spouses disagreeing and ultimately fighting over who gets the house, 85 percent of divorce attorney respondents reported that complications have arisen during settlement negotiations because of the massive debt associated with the marital home. In short, no one wants the home or the debt that’s associated with it.

This emerging reality tends to fall in line with the fact that the real estate market across the United States is in shambles. This trend makes even more sense when coupled with the fact that 53 percent of the respondents to this survey have also noted a rise in the number of relocation requests for children in custody. Clearly, more people are looking to move where general costs are lower.

San Diego Divorce Mediation Lawyers

Clearly, debt is always a major hurdle to overcome when people attempt to finalize a divorce, and that issue of debt has only become more pronounced for many couples in recent years as the real estate market has tanked and the unemployment rate has skyrocketed. Therefore, people who want to end their marriage but who are unsure of how to go about handling it properly need to seek the proper help in order to move on with their lives.

If you are considering bringing about an end to your marriage and you’re not sure how to proceed with regards to your property division, you need to seek the help of San Diego divorce mediation lawyers who have helped many couples move through this difficult process. Contact the Men’s Legal Center today to schedule an initial consultation.

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