Insight & Advice

Although the Divorce Decree may determine who retains ownership of the marital home after the divorce is final, it is important to understand that the Deed, Decree, and Debt are three entirely separate issues to settle. The Deed & Transferring Ownership Transfer of...

A successful divorce settlement is a result of putting the pieces of the puzzle together in such a manner that both divorcing parties come out of the divorce whole or at least on the road to recovery. But how do you get there? Divorce and mortgage financing concerns...

Although the Divorce Decree may determine who retains ownership of the marital home after the divorce is final, it is important to understand that the Deed, Decree, and Debt are three entirely separate issues to settle. The Deed & Transferring Ownership: Transfer of...

The marital home is likely to be one of the biggest assets in the marital estate. Not only one of the largest financial assets but likely to hold a great deal of emotions. The marital home may also offer comfort to one of the divorcing spouses as well as any children...

The Certified Divorce Lending Professional (CDLP™) on the professional divorce team has many valuable roles. One role is to help assess the income sources for mortgage financing purposes as not all income may be ‘qualified income’. A CDLP™ can bring a different...

How to Split Home Mortgage Interest in Divorce Tax issues are generally not the paramount concern of couples going through divorce. However, failure to recognize and understand the impact divorce may have on Federal Income Tax filings may lead to unsavory results and...

Deducting Mortgage Insurance Premiums as Mortgage Interest Deduction Divorcing Homeowners often find themselves having less than a full 20% down payment when purchasing their new home. When a purchase loan in first lien position exceeds 80% loan to value, mortgage...

Reverse Mortgage and Divorcing Seniors A reverse mortgage is a type of loan that allows homeowners to borrow money against the equity in their homes. Reverse mortgages enable homeowners to tap into a line of credit or receive from a lender a fixed monthly payment that...

“I can’t buy a new home if I’m still on the marital mortgage!” is often the statement made by the spouse leaving the marital home. Unfortunately, this isn’t necessarily true. In many divorce situations, the spouse retaining the marital home won’t qualify to refinance...

Mediation is a process in which a third person helps the participants in a dispute to resolve it. In order to resolve the dispute, the participants must negotiate a solution. Problem solving is part of the negotiations. The process of mediation is the management of...