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Old 11-04-2007, 06:45 AM
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CatsPajamas
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Join Date: Aug 2002
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There is an article in our paper this morning about separating finances for a divorce. One hot topic is "who gets the house" and it reminds people that they often make an emotional decision when they should be making a more logical decision... many women desperately want the house for what it represents, and to not disrupt the children... but depending on the condition of the house and the earning potential of the woman having the house can be a tremendous financial burden. The article says to be SURE you don't base your decision on the amt of child support or alimony you might be getting, because if the person paying support falls behind in those payments, then you are up the creek, so to speak.

I let my ex have the house, and my kids and I moved to a nice apartment...and Ithought it was all a done deal. When he walked away from the house a few yrs later I found out it was still MY responsibility too! I had to borrow a significant amt of money to fix it up enough to sell it.

Just food for thought.
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