Divorce and the Mortgage

Many divorces are in a rut due to the mortgage on the marital home.  When that home is worth less than what it takes to pay off the mortgage, no one typically is interested in taking on that debt.  Refinancing the mortgage can also be a dead end.  Additionally, a sad sense of optimism sometimes hovers over the house that it might regain its value with a little more patience.  A little more patience for some couples has turned into years and a rut a mile wide.

For some couples, the issue is one where there may be a silver lining, if there is a little research done.  Some mortgages will qualify for refinancing that may have been thought to be a lost cause.  Take a look here for one such solution.

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