Divorce and The Home: Myths That Can Sabotage Settlement
Manage episode 508048293 series 3655003
Your home can feel like the heart of your family and during divorce, decisions about it can be emotional and confusing. In this episode, Greer Howard and top Illinois divorce attorney Bobby Buchanan unpack the most common myths about what happens to the house when a marriage ends.
Here’s what you’ll learn in this episode:
- Why “I bought it before marriage, so it’s mine” isn’t always true under Illinois’ equitable-distribution law
- Steps to take now - like gathering mortgage details and getting an appraisal to reduce stress and legal fees
- How refinancing works if one spouse wants to keep the home (and what lenders really look for)
- Options for delaying a sale when kids are in school or the housing market is down
- The financial pitfalls of keeping a house you can’t afford and why a 401(k) might be worth more
- Why property agreements can’t be changed later without both parties’ consent
- When (and when not) a judge will order a spouse to leave the home
Whether you’re deciding if you can afford to keep the house or wondering if you must sell before the divorce is final, this episode gives you the clarity and tools to make smart choices for your future.
Disclaimer: This podcast is for informational purposes only and does not constitute legal advice. Please consult a professional for legal guidance specific to your situation.
Connect with Us:
📺 Watch More on YouTube: https://www.youtube.com/@illinoisdivorcetv/
🌐 Learn More: https://www.rbbfirm.com
📞 Consult Bobby’s Firm: 312-757-4833
📧 Email: [email protected]
If you found this episode helpful, be sure to subscribe, rate, and review to help others going through the divorce process.
28 episodes