As a DC divorce lawyer, a common question people ask me during a divorce or separation is, “What will happen to my home?”
This can be a very emotional issue. The home may be associated with both pleasant memories and sad memories. There are several options to consider when it comes to the ownership of your Washington, DC home during divorce or separation, and it is very important to discuss the various possibilities with your DC divorce lawyer.
There is equity in your home as well as debt. Home equity is the difference between the market value of your home (what you could sell it for) and the amount you owe on your home (your mortgage, line of credit, home equity loan, etc.).
How an experienced DC divorce lawyer can help:
It is very important you know the options available to you. A qualified divorce lawyer will walk you through the options you should consider, such as: