For many couples in Clearwater, deciding what to do with the marital house after divorce can be one of the most difficult decisions. In the past, many couples thought that a house with a good amount of equity was one of the best things they could receive during property division.

Now, the number of couples who are upside-down on their mortgages is increasing, so receiving the martial home can be more of a burden than a blessing. If you are divorcing, what's the best thing you can do with your house?

If you're interested in keeping the house, it is important to refinance it. Maintaining your current mortgage after divorce is typically a bad idea because you will be financially connected to your ex-spouse. Some lenders will fail to recognize your divorce, so if the home-owning individual misses a payment, it can negatively impact the credit scores of both parties.

One financial advisor said it can be incredibly difficult for one spouse to take over the mortgage and take the other person's name off. The advisor explained, "The lender has a better shot at collecting if both parties are on the hook for that money."

Even if you are interested in refinancing your home, it may be difficult because of the current economic climate. Poor credit, inadequate income and negative equity can all make refinancing difficult or impossible.

In many situations, the best decision may be to sell your home. If you look at the decision from a financial perspective, it makes total sense. However, emotions often complicate the process. Regardless, if you're unable to refinances or keep the mortgage, selling the house -- even selling the home as a short sale -- may be the best move.

Source: NASDAQ, "How to divorce your mortgage," Marcie Geffner, Jan. 26, 2012