What happens to the family home in divorce?
In a divorce there are several possible options for the family home:
The house may be sold and the proceeds split between the spouses.
One spouse can “buy out” the other’s share and remain in the home.
One or both of the spouses may temporarily stay in the home, until the children reach a certain age or the property market improves. Thereafter the home is sold.
The property may be rented out, and the parties move into alternative accommodation like friends, family or rented.
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