I treat the marital home as both an asset and a debt — an asset if fair market value is greater than the mortgage. A debt if you still have a mortgage on the home. The bigger question, however, is what’s going to be done with it? Have the parties agreed that they are going to immediately put the house up for sale or are they going to make an agreement where one of them will continue to live there?
Latest posts by Ada L. Hasloecher (see all)
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