I have had several clients that have gone through the process of Divorce. They purchased their home before they got married. Then things didn’t work out. They ended up in court battles over the distribution of funds from the sale of that property. In one case it took my client 15 months to get it through the legal system. Then could purchase a home. If you are in this situation ALWAYS check with your attorney before you try to purchase a new home. There are many legalities that you may not be aware of in purchasing a new home prior to settlement. I ran across this article that explains this process for the residents of the State of Georgia in the Daily Report powered by Law.Com.
Don’t Leave Your Clients in the “Lerch:” Understanding Transmutation of Property in Georgia
Lerch v. Lerch
To Read The Entire Article Click Here
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