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Any involvement with the court system can be scary and stressful. Attorney Anthony Carbone has practiced in the Hudson County courts for over 20 years. He fights for your rights and guides you through the process. Read His Profile

 

Selling Your Home During a Divorce

Jersey City & Newark, New Jersey

Going through a divorce can be stressful, expensive, and physically and emotionally exhausting. When there are children and assets involved in a divorce, the stress is even greater. The decision to sell your home during your divorce is one that requires careful consideration and planning. It is also one that should involve the advice of an experienced divorce lawyer such as Anthony Carbone, serving Newark and Jersey City, New Jersey. For over twenty years, Mr. Carbone has helped residents in and around the area sell their homes during the dissolution of their marriage, and he can help you, too.

Real estate is typically the largest asset to be split in a divorce. Real estate may be comprised of your main home, vacation homes, rental units, and commercial or investment property. Starting with the home you and your spouse actually lived in and shared, the worth of the home and property must be determined accurately so equitable distribution can be decided. Some part of the house (or what is inside the house) may be exempt from being distributed to one spouse. Relevant factors involved in the division of assets, such as your home, include but are not limited to the following:

Date of marriage
Date of purchase of the property
Amount of down payment
Source of mortgage payments

Another consideration is a home or property that is bequeathed to one partner prior to, or during the marriage. If the home in which you and your spouse lived was inherited by one of you, the other spouse may not be entitled to any part of it.

Mr. Carbone will guide you through the complex distribution laws of the state of New Jersey and explain what you are entitled to if your home is sold during your divorce. One option that is often recommended is for both parties to move out of the house and sell it before the divorce is final. However, Mr. Carbone really cannot advise you here until he actually meets with you and hears the details of your assets and separation from your spouse.

If you live in Newark or Jersey City, New Jersey and need the advice of a divorce lawyer because you are selling your home, please contact the Law Offices of Anthony Carbone, P.C. today to schedule your confidential consultation.