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Real Estate Issues in Divorce
Divorce proceedings oftentimes involve real estate. The real estate could be a non-marital home, a marital home or an investment property. Real estate can be sold in the course of a divorce proceeding subject to agreement of the parties and/or authority from the Court. A divorce case can be concluded without all real estate being sold or divided up, including pursuant to any settlement agreement.
There can be a provision for real estate being sold after the divorce, with said agreement addressed in any Judgment of Dissolution of Marriage or Marital Settlement Agreement, including in regard to methodology of sale, timing and proposed division of any net sales proceeds.
In order to file for a divorce in Illinois, one spouse must have been a resident of Illinois for 90 days, and the case must be filed in the county where either spouse lives.
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