Divorce: New York

Divorce: New York

Tag Archives: Refinance

Husband in Divorce Action Ordered to Refinance Home, or Pay Off Half of Mortgage Balance

Posted in Equitable Distribution, Temporary (Pendente Lite) Relief
In order to prevent the foreclosure of the marital residence, a court in a divorce action, and prior to judgment, may order the spouses to cooperate with a refinance application. Moreover, if the property is not successfully refinanced, the court, before divorce judgment, may compel a spouse to satisfy (at least) one half of the … Continue Reading

When Mortgaging the Marital Residence Is Necessary to Pay Temporary Support

Posted in Counsel Fees, Maintenance, Temporary (Pendente Lite) Relief
The May, 2011 decision of the Appellate Division, Second Department, in Many v. Many, seems, at first blush, to be a rather routine matter. While their divorce action is pending, the interests of the parties are balanced. However, below the surface lurk issues which highlight the frustration and anxiety which spouses must feel as their case is … Continue Reading