QUESTION
What happens when a couple divorces and they own a home with an upside down mortgage?
Asked on Dec 16th, 2014 on Divorce - Pennsylvania
More details to this question:
I would guess at this time we owe around $80,000 more than the house is worth due to the market decline.
1 ANSWER
3 Awards
Either both or one of you needs to accept ownership and the balance of the mortgage in your divorce settlement negotiations.
Answered on Dec 16th, 2014 at 6:35 PM
William R. Pelger, Attorney Munhall, Pennsylvania 412-461-1900