Today, a martial home can be more of a burden than an asset during a divorce, especially if the couple has found themselves with an underwater mortgage. This has left many divorcing couples in a predicament when it comes to asset division.
Oftentimes, neither party wants to take over a loan that is exceeds the value of the home, so the parties decide to sell the house. However, the parties soon find out that the buyer will have to provide a cash payment or the lender will have to approve a short sale, which can take several months.




