Foreclosure can be among the most difficult experiences a Texas homeowner can face. There are a number of complications that can be associated with a foreclosure as well as a number of state and federal laws that govern the process. Since the housing crisis of 2008, new laws have changed the ways that people can defend against foreclosure attempts. Homeowners facing extreme difficulties paying their mortgage may benefit from learning more about the process.
Divorce rate in Texas is down, but still high in some cities
The number of divorces is down and getting lower, statistics show. Popular culture likes to pin this on the decaying rate of marriage among Millennials, but the trend has been moving this direction for 40 or more years.
The termination of child support comes with unique challenges
Texas parents who find that divorce is the best option are often faced with many questions regarding child support. In virtually all cases, one parent will end up being required to provide some amount of financial support for minor children. However, this typically depends on factors like the balance of custody, visitation rights, wages and the amount of financial means needed to provide for the best interests of the kids.
Financial mistakes that are common in a divorce
When couples in Texas are going through a divorce, there are a number of common mistakes they should try to avoid. One of those errors is failing to get paperwork in order. This might include Social Security statements showing the earning of both spouses, information on what was paid for various assets, account numbers and home improvement receipts. Some of this paperwork may be helpful after the divorce as well. For example, if the couple has been married for at least 10 years, one spouse might be able to draw Social Security retirement benefits on the other spouse's income.
Ranking common factors that contribute to the end of a marriage
Couples in Texas planning to exchange vows can take comfort in knowing that fewer people are ending their marriages these days. Even so, having a better understanding of the common reasons for divorce may help some married couples avoid potential pitfalls that could doom their relationships. In order to rank divorce-related factors, researchers interviewed couples who parted ways several years after completing a prevention and relationship enhancement program before they were wed.
