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Different Types of Spousal Maintenance

Spousal maintenance, also known as alimony or spousal support, is the amount paid by one spouse to the other one after the dissolution of marriage or separation. The purpose of spousal maintenance is to mitigate adverse economic effects of a separation by providing a continuing payment to a low-wage earning or non-earning spouse.To determine which spouse is entitled to spousal maintenance, there are several factors that must be taken into consideration, for instance, one spouse may have foregone their career for their family and alimony will al... Read more

Why Is A Short Sale Better Than Foreclosure?

When a homeowner is unable to keep up with their mortgage payments, this can present an extremely challenging situation as they are left with two options: either to opt for a short sale or wait for the mortgage provider to initiate a foreclosure. A short sale is a transaction where a homeowner can sell the property at a lower price than the amount owed to the lending institution. Contrarily, in an event of a foreclosure, the lender takes possession of the defaulted house and assume the responsibility to sell it, mostly via auction. Both of the... Read more

Should You Delete Your Facebook Account During a Divorce Battle?

All divorces are not the same. Some divorces take place by mutual cooperation and understanding of both spouses hence may not involve many complications, while others may turn into a legal battle between couple seeking separation. In that case, both spouses try to salvage every piece of information at their disposal to obtain an advantage over the other in the litigation process, which may help them in securing child custody or to acquire more assets, amongst other matters. Therefore, both spouses may try to limit the information they provide a... Read more

How to Sell a Real Estate Property Which Is Under Foreclosure

Foreclosure can be an extremely strenuous and difficult period for an individual. It mainly occurs when a homeowner is unable to pay mortgage payments of their home. From filing of a complaint to eviction, it may take anywhere between 9 to 11 months on average for the process to complete. Fortunately, a person who is stuck in the middle of this tiring process is allowed to stay in their house until the case is complete. Therefore, they have enough time to consider certain possibilities to save their home or at least minimize their loss. An unde... Read more

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