Whether we live in Baton Rouge, Gonzales, Prairieville, or Sorrento, there’s no place like home. Most of us have a house, a car or truck or two, a job, a retirement plan of some kind, and all the other stuff that comes with a formerly happy marriage. When that happiness is torn apart by divorce, people sometimes deal with the pain by clinging to what once made them feel secure – the family home.
For many couples, the family home is their most valuable asset. The home has symbolic value. The battle to stay in the house is not just a battle about the inconvenience of finding and moving into another residence. This emotional tug of war over what was once the love nest can blind couples to their own financial best interest. Getting the family home may also mean getting the family mortgage and the family lawn care and the family property taxes and insurance.Before you make getting the family home the ditch you are willing to die in, consult with your lawyer. Talk over your future financial circumstances.If you are relying on child support to pay the note, remember that child support ends long before a 30 year mortgage is paid out.