Couples going through divorce always fight over real estate.
That’s because their houses are usually their most valuable assets- until now.
What’s different now is how they’re fighting about it.
It’s no longer who gets the house, but in 2009, it’s who doesn’t get the house.
With so many homeowners becoming upside down in their mortgages, all they want is out.
In Breaking Up Is Harder To Do After Housing Fall, we’re taken along as one couple from Georgia fights over their million dollar house.
Gary Nickelson, president of the American Academy of Matrimonial Lawyers sums it up best. "Now we fight about who gets stuck with the dead cow."
Could there be some real estate investing opportunities from divorced real estate homeowners somewhere over the horizon?
As we reach the bottom of this real estate cycle will it be possible to do deals with some of these people?
It certainly can give us something to think about as we plan our real estate investing for the new year.