Mortgage Foreclosure and Divorce - Are They Really Related?
Law firm polls readers based on Internet Report: Is there really a correlation between mortgage foreclosure and divorce?
Aurora, IL, April 24, 2008 --(PR.com)-- Sparked by a recent article syndicated across the Internet that suggests a correlation between mortgage foreclosure and an undocumented increase in divorce an Illinois law firm, Joseph P. McCaffery & Associates, is conducting a poll with the intent to verify or debunk the story’s claim.
“Since the current housing market has devalued a primary marital asset, this claim just seemed unrealistic to us,” said the firm’s founder, Joe McCaffery. “Nonetheless, this story has been repeatedly syndicated and posted on respected news sites across the Internet, and since many people take the news as fact, we find it sadly misleading.”
McCaffery’s firm handles what he calls “crisis litigation,” described as any instance in which a client’s lifestyle, family, business, property or liberty is at severe risk. As such, the firm works on numerous family law cases, including divorce, spousal support or alimony issues, and child custody, visitation and support, while also currently representing clients in mortgage foreclosures on properties collectively valued at more than $50 million.
“While it’s a single view, ours certainly is an authoritative view that suggests this really is no more than media sensationalism,” McCaffery added.
In an effort to broaden that single view, the firm is polling readers at its blog site, lawblog.jpmlaw.net, to collect additional anecdotal evidence that the so-called trend does not actually exist.
“Our blog site has consistently ranked among the Top 20 law sites on TopBlogArea.com since launching it mid-January, so we’re fairly confident that we can at least generate a response as strong as or stronger than the Realtor’s blog post cited as the basis for the widely syndicated story,” said McCaffery.
The article, called “Is Mortgage Crisis Causing Divorces?” cites as its basis a Florida Realtor’s blog post on the topic and a reported 50 or 60 comments from other Realtors suggesting there is such a trend. McCaffery’s Webmaster conducted various Internet searches and, while broad syndication of the story was found, she was unable to locate the original post and the supporting comments.
A trend members of the Illinois law firm find much more plausible was outlined in another article, posted on a San Francisco Chronicle site. It suggests that the decline in the housing market has caused divorced couples to continue to cohabitate as they are unable to sell and otherwise divide the primary marital asset.
“The inability to move on after a marital dissolution is the real tragic news,” said McCaffery.
To vote in the poll, visit http://lawblog.jpmlaw.net.
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“Since the current housing market has devalued a primary marital asset, this claim just seemed unrealistic to us,” said the firm’s founder, Joe McCaffery. “Nonetheless, this story has been repeatedly syndicated and posted on respected news sites across the Internet, and since many people take the news as fact, we find it sadly misleading.”
McCaffery’s firm handles what he calls “crisis litigation,” described as any instance in which a client’s lifestyle, family, business, property or liberty is at severe risk. As such, the firm works on numerous family law cases, including divorce, spousal support or alimony issues, and child custody, visitation and support, while also currently representing clients in mortgage foreclosures on properties collectively valued at more than $50 million.
“While it’s a single view, ours certainly is an authoritative view that suggests this really is no more than media sensationalism,” McCaffery added.
In an effort to broaden that single view, the firm is polling readers at its blog site, lawblog.jpmlaw.net, to collect additional anecdotal evidence that the so-called trend does not actually exist.
“Our blog site has consistently ranked among the Top 20 law sites on TopBlogArea.com since launching it mid-January, so we’re fairly confident that we can at least generate a response as strong as or stronger than the Realtor’s blog post cited as the basis for the widely syndicated story,” said McCaffery.
The article, called “Is Mortgage Crisis Causing Divorces?” cites as its basis a Florida Realtor’s blog post on the topic and a reported 50 or 60 comments from other Realtors suggesting there is such a trend. McCaffery’s Webmaster conducted various Internet searches and, while broad syndication of the story was found, she was unable to locate the original post and the supporting comments.
A trend members of the Illinois law firm find much more plausible was outlined in another article, posted on a San Francisco Chronicle site. It suggests that the decline in the housing market has caused divorced couples to continue to cohabitate as they are unable to sell and otherwise divide the primary marital asset.
“The inability to move on after a marital dissolution is the real tragic news,” said McCaffery.
To vote in the poll, visit http://lawblog.jpmlaw.net.
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Contact
Joseph P. McCaffery & Associates
Starr McCaffery
630-896-2638
jpmlaw.net
Starr McCaffery
630-896-2638
jpmlaw.net
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