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I want a divorce, but our house is underwater. How do we handle this?

You can still go forward with the divorce even if the marital home is underwater. The asset and the debt that may be associated with that marital home because of the note attached to it will be used in the divorce proceedings. The courts going to look at all assets and debts acquired during the marriage with a few exceptions, and the presumption is to split them fifty, fifty between the parties. You may take on a liability associated with the home if the house is underwater.

All Family Law Group, P.A.
The law firm of All Family Law Group (Lynette Silon-Laguna, P.A.) provides legal services to the cities of Tampa, Clearwater, Brandon, Riverview, Lakeland, Valrico, Gibsonton, Lithia, Mango, Palm River, Plant City, Seffner, Sun City Center, Apollo Beach, Ruskin, Temple Terrace, Carrollwood, Thonotosassa, Lutz, FishHawk, MacDill Air Force Base, and all of Hillsborough, Pinellas & Polk Counties.

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