Cockerill, Craig & Moore, LLC Attorneys at Law

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Splitting the Equity in My Home During a Divorce

On Behalf of | Jun 18, 2019 | Firm News |


Are you planning to divorce your spouse? One of the most important things to keep in mind is that you will need to divide up the equity in your home. Equity can be defined as the difference between the value of your home and the amount of money that you still owe on your mortgage. The last thing you want to do is be stuck with home payments on a home you have lost to your spouse. You’ll need expert help to avoid this. The first thing you will need to do is contact a firm of knowledgeable and experienced Woodbury NJ divorce lawyers.

How Can You Reach an Equal Split in Your Home Equity? You will first need to determine the exact amount of money that you still owe on your mortgage. You will then need to discover the real market value of your home. Hiring an appraiser is the best way to get an accurate figure. You then subtract the amount of your mortgage from the real value of your home. While doing the math will give you a figure that is accurate, you may still have trouble convincing your spouse that the division is fair. This is why you will need to have an expert divorce lawyer to help you make your case.

Contact the Firm of Craig Annin & Baxter for More Info If you are ready to go ahead with your divorce, your main concern will be to reach a division of custody, property, and assets that both parties can live with. To do this, you will need to contact our expert team of Woodbury NJ divorce lawyers. The firm of Craig Annin & Baxter is available to help you during this difficult time. Get in touch with us today to learn how we can help make your divorce an easy and equitable process.