What to Know About Your Mortgage in a Divorce
The divorce rate in the U.S. is now 2.3 per 1,000 people, based on the latest report by the Centers for Disease Control and Prevention, or CDC. It means many couples are probably dealing with the financial consequences of their divorce, apart from the emotional rollercoaster. One of the common concerns of divorcing couples when sorting their finances and splitting assets is the mortgaged property. Your marital home, after all, isn't something you can literally break in half. If the property is mortgaged can one of you afford to buy the person out or will the home have to be sold. Another issue...
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