Experienced Divorce Attorney in Orange, California
Financial problems can lead to the ultimate demise of a relationship, particularly in an economy where the unemployment rate and foreclosure rate are so high. The same financial problems that plagued your marriage can also create challenges in your divorce. At the Orange County Law Offices of Wendy L.C. Fountain, A PC, we help clients overcome the obstacles in their divorce, including obstacles involving home foreclosure — whether that means ensuring the mortgage does not go into default during divorce or it means salvaging your interests when the home is facing foreclosure during or after divorce.
- Who will remain in the home during the divorce process?
- How will mortgage obligations be handled through the divorce process?
- Will restraining orders be necessary to ensure the home does not lose unnecessary value or that the mortgage does not go into default?
- Can the house be sold in a short sale?
- If the house cannot be sold, how will the liability be addressed?
- How can one party be relieved of financial obligation when the other party gets the house?
The Marital Home: Valuable Asset or Significant Liability?
When the home was purchased, your home was more than likely the most significant investment you and your spouse made. Traditionally in divorce, it is the most coveted asset in property division disputes. However, in the current state of the economy many homeowners owe more on their mortgage than what the property is valued — which leaves homeowners who are filing for divorce essentially "stuck."
Dealing With the Marital Home and Mortgage Obligations in Divorce
At our law firm, attorney Wendy Fountain provides caring and supportive counsel to clients going through divorce. Certified in family law by the State Bar of California Board of Legal Specialization, Wendy Fountain can answer your questions, explore the available options and work with you to quickly identify the most suitable solution.
If you are facing divorce and the prospect of foreclosure, contact us to schedule an appointment to discuss your situation and how we can help.
