Legal Question in Family Law in Michigan

My wife is filling for divorce, we are in Michigan. I will be keeping the house and she will be moving elsewhere. The house is upside down by about $30, 0000.00 in its value, I know in a normal situation I would have to give her half of the equitable value, but since there is none what happens? Can I go after her for her half of the negative equity? What is usually done in this case?

Thanks


Asked on 11/15/10, 10:40 am

1 Answer from Attorneys

Being upside down in a marital home is pretty common these days. Family law attorneys have a number of ways in which we are dealing with this problem. In other words, there are many options available. Your attorney should be able to do a full evaluation of your financial picture and will then be in the best position to give you proper advice.

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Answered on 11/20/10, 10:50 am


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