In today’s economy, many couples are burdened financially and as a result in many instances divorce is initiated. Financial issues are typically the root of divorce filings.
The Community house/residence are commonly in default in at or near foreclosure proceedings.

Couples can certainly still proceed with the divorce action despite being upside down on the home. The home can be short-sale or  in many cases, couples have just walked away from their homes in default. Unfortunately that is the sad reality that we are faced with in today’s economic times.

With no equity in the home, many couples are just defaulting on the loan and walking away from it. In the divorce process, the house will be one less issue to address and resolve because there is no equity in the home.

Usually in better economic times, there is equity in the home and one party typically decides to keep the home and buy out the interest of the spouse or it gets sold altogether and the proceeds are then divided between the spouses.

Despite the housing market crashing and having no equity in a community residence, parties can still proceed with the divorce process using an experienced family law attorney. Other issues such as custody, visitation, support and pensions, still need to be addressed in a divorce action.

The family law attorneys of Wallin & Klarich in San Bernardino can help and guide you through the process and explain your rights as a spouse and/or parent and discuss in detail the interest in all the community assets and debts acquired during the marriage.

If you are in the middle of a divorce or plan to initiate one, contact the experienced family law attorneys at Wallin & Klarich in San Bernardino, to assist you in cost effective measures when in it comes to divorce and family law matters. Our attorneys have helped numerous people in the same or similar situations when divorce is involved. Call Wallin & Klarich today at 1-888-280-6839 or visit our website at www.wkfamilylaw.com.

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