Chad Edward Cos LLC
A Baltimore bankruptcy, divorce and personal injury attorney with more than 18 years of experience.
Call Today! 410-449-4781 800-880-8864
Menu / Navigate

A co-op is a complication when parties divorce

If you're divorcing and are part of a co-operative, there could be complications. The co-op is likely one of the most contentious parts of the divorce. While a home is an issue anyway, a co-op adds a whole different layer of problems to contend with.

One of the reasons that co-ops are so hard to deal with is because they're normally in high-value areas. Spouses may fight over the location, knowing that to buy a home in the area would be cost-prohibitive compared to the co-op they already own.

Also a problem is the fact that with equitable distribution laws, it may be a necessity to sell the co-op. For that to happen successful, the board of directors would have to approve the new owners, a problem that isn't always easy to overcome, especially if the people seeking to purchase the co-op can't receive approval for one reason or another.

However, if you can sell, it may actually be for the best. With the real estate market as it is, finding a time when a home is at its highest value could legitimately support a divorce and encourage a great return on the investment. There isn't a guarantee that any property will retain its value, even over time.

Divorce is hard, and when you add a co-op to the mix, it can become even more difficult. Fortunately, with the right help, you can decide how to divide your assets and if selling the co-op is really necessary at all. There may be other options that you could use to resolve your case.

No Comments

Leave a comment
Comment Information


Chad Edward Cos, LLC
8101 Harford Road
Parkville, MD 21234

Toll Free: 800-880-8864
Phone: 410-449-4781
Fax: 410-780-0262
Parkville Law Office Map

Contact The Firm

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Back to Top