Housing Downturn Throwing a Wrench in Divorce Plans


The crashing housing market is turning out to be a game-changer for couples in the middle of, or contemplating, a divorce. Many of these couples who thought there would be plenty of equity to divvy up when their relationships started going south are finding that there's not much left to split and that the possibility of each spouse starting their new, independent lives with enough money for a down-payment has evaporated. “We used to fight about who gets to keep the house,” said Gary Nickelson, president of the American Academy of Matrimonial Lawyers. “Now we fight about who gets stuck with the dead cow.” In some extreme cases, The Times reports, couples are deciding to stay together because they are unable to sell their home.

Copyright Brown - Brownstoner
Contact Us