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Divorced from your property

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“Appraisers, like attorneys, become capos in often bitter family wars, paid witnesses to the painful and sometimes sordid testimony of broken-hearted and vindictive Manhattanites.” When some Manhattan residents get divorced, the battle that ensues for control of their properties can get heated. “I’m finding that the real estate, in a lot of these cases, is the most valuable asset in the marriage because of what the market’s done,” said Nancy Chemtob, founding partner of Chemtob Moss Forman & Talbert and a divorce attorney in New York for 14 years. “It’s gotten to the point in Manhattan where they can’t buy out the spouse, so they have to sell the apartment.” more [NYO]

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