Posted on April 06, 2012 in Divorce

As the housing market continues in a largely downward trend nationwide, there have been some unintended and unexpected consequences for couples in the midst of a divorce. Whereas the marital home used to be a major asset, and sometimes a major dispute, in a divorce, reports the Chicago Tribune, the plunge in American home values has changed the role of the marital home in divorces. In many cases, the spouses are "upside down" or "underwater" on their mortgage, and sometimes more than one mortgage, in that the value of the home is less than the amount of the outstanding loans. As a result, the spouses typically end up taking a loss on the home, by selling it for less than it is worth, losing the home to the bank through the foreclosure process, or continuing to live in the home, hoping that the housing market will improve.

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 Posted on April 03, 2012 in Child Custody

NBA All-Star Dwyane Wade has scored another victory in his highly contentious divorce from Siovaughn Wade. The Illinois Supreme Court recently issued a ruling denying Siovaughn's petition to appeal the lower court's custody order. The March 2011 order of the Cook County Circuit Court granted custody of the Wades' two sons to Dwyane, and allowed him to permanently move the children with him to Miami, Florida. The lengthy order also provides for Siovaughn to have parenting time with the children in Miami on alternating weekends, as well as other times throughout the year. Although the Wades have been legally divorced since 2010, the parties still have been battling over issues related to child custody and their finances. With the custody issue apparently resolved, the parties now face a trial on their financial issues that has been scheduled for September, 2012.

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