Kalamazoo, MI asked in Divorce for Michigan

Q: During our marriage this home was foreclosed on and listed on the market an investment group bought the balance from the

Bank then offered a new mortgage low rate and payments for 40 years sign and stay in the home or move out .we of course stayed that was a number of years ago

My question is the home now considered " communal" property ?

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1 Lawyer Answer
Brent T. Geers
Brent T. Geers
Answered
  • Grand Rapids, MI
  • Licensed in Michigan

A: Not sure what you mean by "communal" property, but it certainly is an asset and debt of the marriage for divorce purposes.

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