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Divorce Attorneys in Colorado Springs – Is Refinancing the Marital Home a Smart Move?

divorce_attorneys_in_colorado_springs_2Dividing the marital property may be the most difficult part of getting a divorce, and divorce attorneys in Colorado Springs realize that.  But being a party to a divorce will require swift and decisive action to take care of these matters, especially when the Colorado real estate market is continuously changing.  In many cases, a property settlement will require that the marital home be sold as a means of dividing the property equitably, but with so many homes for sale in Colorado Springs, this may not be so easy.

Here are a few tips from some of the most experienced divorce attorneys in Colorado Springs:

  • When the real estate market isn’t cooperating with your efforts to liquidate the marital assets, refinancing may be necessary.  While this may be costly, it eliminates the need for recalculating the value of the home again and again throughout the divorce process and ensures that each party in the divorce is paying their fair share of the mortgage liability until the home is sold. 
  • Many couples find themselves at odds over the disposition of the marital home, and who gets to maintain residence there.  Much of this may be determined by who has primary custody of the children, but it every case is unique. It may also depend on who has the ability to pay the mortgage, and how other assets from the marriage are allocated.
  • The best course of action for determining the division of marital property is to consult with experienced divorce attorneys in Colorado Springs.  If the settlement becomes especially contentious, divorce lawyers will often recommend mediation over a court hearing, as this usually allows the couple to have a more amicable post-divorce relationship.

 Patricia Marrison is a Family Law attorney in Colorado Springs, CO. and the owner of the Marrison Family Law LLC, Colorado Springs largest Family Law practice.  The Marrison Family Law LLC is devoted to assisting with the difficulties of the breakup of relationships, be it common law marriage, a non-marriage with children, or dissolution with or without children. We attempt to serve the entire spectrum of relationships, from those couples with the simplest, uncontested dissolution to the highly conflicted relationship involving allegations of domestic abuse.

 

 

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The lawyers/attorneys at Marrison Family Law serve clients in the Colorado Springs area and throughout southern Colorado, including the Air Force Academy, Fort Carson, Peterson Air Force Base, Schriever Air Force Base, NORAD and the cities of Pueblo, Canon City, Cripple Creek, Woodland Park, Castle Rock, Monument and Parker.

Disclaimer:  The information on this website is not legal advice.  No attorney-client relationship is created via the information on this website.  Blog articles and other items on this website are for nonspecific informational purposes only. The information on this website is not intended to address your specific legal problem. All legal situations are unique and you should consult with a lawyer for guidance based on the facts of your legal case.  The laws of Colorado and different jurisdictions may change since the publication of articles on this site.  You should never act based on the information on this website without first consulting with a licensed Colorado attorney.  The Marrison Family Law LLC assumes no liability for the interpretation or use of information on this website.

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