Stay or Go? What to Do With a House After Divorce

If you're like most divorcees, deciding whether to keep or sell the house when you split is one of the most emotional decisions you'll make.

home finances by iVillage MoneyLifeThe house is one of the biggest and most expensive pieces of property that must be considered in a divorce, according to Divorcesource.com. The expert site says that in cases where children are involved, the house is almost always awarded to the custodial spouse.

In many cases, however, holding onto the house you lived in with your ex is not going to be the smart choice. And most divorcees who are offered the house in the settlement agree for many reasons.

"It's a ball and chain ... get rid of it. For all the talk of giving the kids 'stability' I have to say I think my daughter and I are much better off. It was a struggle to keep up the payments with two incomes. Selling gave me enough money to pay off most of my portion of the debt responsibility and got me through the lease and moving expenses." --djbullock, iVillage member

On the surface, staying put might seem to be the easier option, particularly if you have children. They won't need to be uprooted or deal with any more upheaval than they already have had to through the divorce. You're comfortable with the amount you are paying for your mortgage and afraid that moving elsewhere will boost that monthly nut and just add more chaos to your life at this stage.

"If I had things to do over, I'd sell the house, which I received in the settlement. I didn't because of my son. It would just be easier to get rid of it and make a new start on my own." --lesson2, iVillage member

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