Boca Raton, FL – With today’s floundering real estate market and troubled economy, divorce – like everything else – is a real financial challenge. Since in most cases the home is a family’s most valuable asset, a couple who decides to part ways has the challenge of equitably splitting the value of the home. Traditionally, this meant putting it up for sale and splitting the proceeds, but this become very difficult in a market where homes aren’t selling.
Palm Beach County Attorney Gil Panzer has focused in family law for several years and has a true desire to assist people going through the difficulty of divorce.
“In speaking to clients and potential clients, I witnessed a real need for help. People are beside themselves, ” Panzer explained. “The economy shouldn’t force two people into a marriage of convenience. ”
Unfortunately, couples with no (or even negative) equity in their house are becoming commonplace in Florida, with the boon of easy-to-get loans now leading to unaffordable mortgage payments while housing prices continue to decline. In these cases, many couples who would like to divorce elect not to do so because they believe that they cannot afford to divorce. Unfortunately, this decision forces two people who have made the painful choice to part and start new lives to postpone their new start. These people are living in limbo, and it is both unpleasant and unhealthy. If it gets bad enough, these couples may elect foreclosure or bankruptcy – believing that these are the only viable options – and thus ruining their credit.
Fortunately, there may be other options when it comes to dealing with divorce and the unique distribution of assets – even if the couple owns a house that is over-mortgaged / has negative amortization. Structuring a divorce settlement in these difficult economic times is something that Attorney Gil Panzer is highly experienced in, so he is a knowledgeable source for the information he is providing. He holds a masters degree in Economics in addition to his legal degree and is well versed at handling complex financial issues and transactions.
Panzer Family Law is located in Boca Raton, Florida.
Attorney Gil Panzer can be reached at (561) 206-6555.
Contact Gil Panzer, Panzer Law, P.A.
(561) 206-6555
Chrissie Lane, BARD Marketing/PR
(561) 654-6818