Helping You Understand Your Rights And Options
Divorce and foreclosure often go together. Divorce frequently creates financial difficulties for both spouses — all marital assets must be divided, and two households are more expensive to maintain than one. Consequently, many divorced homeowners find themselves unable to stay current on their monthly mortgage payments, which leads to foreclosure.
On the other hand, many divorces stem from unstable relationships plagued by financial concerns or disagreements. Foreclosure may be the last straw before the two parties decide to part ways.
An Experienced Lawyer Can Help
If you are facing the prospect of divorce, there are options that could allow you and your spouse to dispose of your home, as well as options that could allow one spouse to remain in the home. Understanding your rights and all of your options early on in the separation is critical to helping you avoid foreclosure.
At Cauthen, Oldham & Associates, P.A., we have more than 40 years of experience providing trustworthy guidance and counsel to clients throughout central Florida who are facing both family law struggles and concerns about foreclosure. We understand how these two areas of law are intricately connected, and we know how to help you make the best possible decisions to protect your family and your financial stability.
Our principal attorney, David E. Cauthen, will work one-on-one with you to fully understand your circumstances, as well as your goals.
We will examine all potential ways to avoid foreclosure, including:
- Sell the house
- Short sale
- Deed in lieu of foreclosure
- Rent out the home
- Have one spouse assume the mortgage
- Refinance the mortgage
- Obtain a loan modification