No equity in my home, 50,000.00 loss. If I keep the home is this considered a loss during the divorce or do I just assume this loss.
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No equity in my home, 50,000.00 loss. If I keep the home is this considered a loss during the divorce or do I just assume this loss.
No equity in home, at a loss of 50,000.00how does florida law distribute this debt.
Asked on May 27, 2009 under Family Law, Florida
Answers:
L.M., Member, California Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
In Florida, both marital property and marital debt are assigned by "equitable distribution," that is, it is what the court determines to be fair under the circumstances. If the home was purchased during the marriage, you will both share the loss.
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