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, PA prides itself on providing superior legal representation to its clients facing issues relating to the sale of their marital homes.