Goldman Law Offices

Free consultations for all personal injury and criminal matters

Selling or keeping a home during divorce

Divorcing Pennsylvania couples will need to divide their marital property as part of the process, and this could include a home. While one person might want to remain in the home, that person should consider whether doing so might be difficult emotionally. They should also make sure that they will be able to afford the mortgage on just one salary.

A person who does decide to keep the home might buy out their spouse. The other spouse can then use the cash to purchase a new home, but they should be sure that they have been removed from the mortgage. The party who is staying in the home might need to refinance the existing loan so that the other party can qualify for a new mortgage. The couple might also decide to postpone a decision about what to do with the home and retain joint ownership for a while. One may continue living in the house during this time.

Selling the home is another option. However, people should keep in mind that the proceeds from a home sale may be divided unequally if a court is making the determination. Who made the down payment and other factors might affect this.

One of the first steps people who are considering divorce might want to take is looking at their financial situation including their income, assets and liabilities. Marital debts will have to be split as part of the process as well. People should not allow the emotional aspects of divorce to overwhelm them and lead to poor financial decisions. Those who want the divorce over with quickly or who feels guilty about the divorce might make too many concessions during the negotiations over property division. This is one reason why having the assistance of an attorney throughout the process might be advisable.

No Comments

Leave a comment
Comment Information
  • Rated By Super Lawyer William L. Goldman Jr.|
  • Million Dollar Advocates Forum
  • Avvo
  • Distinguished AV | LexisNexis Martindale-Hubbell | Peer Review Rated Seal For Ethical Standards and Legal Ability
  • Client Distinction Award - William L. Goldman, Esq.
  • Multi-Million Dollar Advocates Forum
  • Listed in Best Lawyers | Seal of The World's Premier Guide
  • Best Lawyers | BEST LAW FIRMS | US NEWS 2019
Email Us For A Response

Tell Us About Your Case

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Goldman Law Offices

90 E. State Street
Doylestown, PA 18901

Phone: 215-348-2605
Fax: 215-348-5247
Doylestown Law Office Map

Leave us a review of your experience with our firm Review Us