Phyllis Harb - Realtor
Phyllis speaks candidly, even when the truth is hard to accept. If you're considering a divorce, be aware that you may face the possibility of losing your home.
What Happens to a House in a Divorce?
Here's the straight truth: In California, your house typically gets divided through one of these four scenarios:
Buyout: One spouse pays the other their 50% share of the equity
Sale: Both spouses sell the house and split the proceeds
Co-ownership: Both keep ownership (this is rare and usually messy)
Offset: One spouse keeps the house, the other gets equivalent value in different assets
Sounds simple, right? Wrong. Because what they don't tell you is that in today's market, none of these options might actually be feasible for regular people.
The Hidden Costs of "Winning"
Even if you somehow manage to keep the house, you might be setting yourself up for financial disaster. Taking on a mortgage payment that consumes 60-70% of your income leaves you house-rich but cash-poor. You can't afford to maintain the property, can't build other savings, and certainly can't handle any financial emergencies.
It's like being starving while locked in a grocery store – surrounded by wealth you can't actually access or use.
Don't miss this crucial episode! Tune in to discover how you can protect your future homeownership and emerge from this difficult situation stronger than ever.
For information on Phyllis visit
Watch the full episode below:
Listen to full episode :
Reference our in depth FAQ’s on divorce and “What to do when you are first filing for divorce?”