In divorce mediation, the family home holds immense significance as it often comes with a substantial amount of debt. However, it's essential to recognize that the appraisal minus the mortgage doesn't represent the actual equity. This incomplete assessment might lead to an overvaluation of your house, working against your best interests during the mediation process. Settling for an unfavorable property division can have serious consequences, including damaged credit, default, foreclosure, or even bankruptcy.
Oleg Doukhnevitch- Designated in Real Estate Collaboration Specialist-Divorce.
It's crucial to remember the numerous documents you signed when purchasing the house, most of which are missing during the mediation process. To help you make an informed decision about the actual equity and whether you should retain the house, we offer free assistance in gathering all the necessary house documents. Don't let the incomplete equation and potential risks undermine your property settlement. Take advantage of our support to secure a fair and accurate resolution for your divorce matters.