Legal Question in Family Law in Florida
divorce settlement
300000 settlement was signed.
Because of the housing market the house will not profit that.Can I get a modification due to this?
4 Answers from Attorneys
Re: divorce settlement
Without reading the final judgment, no one can say.
Re: divorce settlement
Would need to read the settlement agreement before giving advice.
Re: divorce settlement
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As a general rule, settlements made between two individuals are not modifiable at a later date by the court unless there was fraud involved. A downturn in the marketplace is not usually grounds to change an agreement.
Having said that, you have nothing to lose by trying to get the agreement modified. Without reviewing the agreement in its totality, an attorney cannot tell you if you will have any success.
Scott R. Jay, Esq.
Re: divorce settlement
Yes.