Who Gets the House in a California Divorce?

We don’t have to tell you that Southern California’s real estate prices are much higher than most parts of the country. Here in Los Angeles County, we have some of the highest home prices in the nation. For example, a simple three bedroom, two bath, 1,539 square foot home in Sherman Oaks can go for around $850,000 as of this writing. In contrast, a four bedroom, two bath, 1,744 square foot home in Buffalo, New York goes for about $69,900 – huge difference! If you want to have fun with the numbers, you can compare real estate in LA to other parts of the country on sites, such as Zillow and Realty.com. If you are getting a divorce in Los Angeles County or one of the surrounding areas, there’s a good chance that your marital residence is one of the biggest assets in your marriage, if not the BIGGEST asset, especially if you have equity in the property. If you have equity in the house, deciding what to do with it will be one of…

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