Setoffs or Credits Upon Sale of Marital Home

Sometimes couples sell their jointly-owned house when they divorce.  Although the beginning presumption may be that the parties equally divide any sale proceeds, there are times when a party may be entitled to setoffs or credits.  Section 61.077, Florida Statutes, outlines the factors the court must consider when determining the issue of credits or setoffs in a final judgment dissolving a marriage.  Sessums Black Caballero Ficarrotta, PA prides itself on providing superior legal representation to its clients facing issues relating to the sale of their marital homes.

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