Divorce, and you may property and no Security (or Negative Collateral)
Six so you’re able to a decade ago, virtually every divorce case where in fact the couple had a home offered the happy couple certain guarantee really worth so you’re able to split. Our house was an asset, as well as the spouses you certainly will promote the house, and you will separate the newest proceeds; otherwise among the many partners carry out purchase out the almost every other spouse’s interest in our home. From the latter case, one to partner might possibly be offered a monetary settlement on the asset she or he will be leaving behind.
After that there was a property breasts you to definitely caused millions of property foreclosure and you may small conversion process. Read more
