The marital home or residence was once the greatest asset of the marital estate. In many cases, it has now become an albatross. Clients and potential clients are very concerned today, among other financial/economic issues, about the value of their homes in relation to the market and their mortgages. This is particularly true in areas such as Rochester and Rochester Hills where Chrysler purchased a large number of homes for executives and other employees whom are no longer living in the area and these very nice homes are sitting vacant on the market.
Many people considering divorce are concerned that, after they are divorced, they may not be able to sell the residence or, perhaps worse,
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DIVORCE AND THE MARITAL RESIDENCE IN THIS ROTTEN MICHIGAN REAL ESTATE MARKET – FOUR SOLUTIONS
