Top 10 Things You Should Know About Your Mortgage When Going Through a Divorce
Divorce changes many things when obtaining mortgage financing. Recognizing many of the significant differences can help make future mortgage financing a smoother process. Timing of Filing Divorce Petition. The timing of filing a divorce petition with the court has a...
Still Tied To The Mortgage On The Marital Home?
One of the main concerns, when one party is retaining the marital home, is that the vacating or out spouse will not be able to qualify for future mortgage financing while their name remains tied to the current mortgage. This isn’t necessarily so and we can help our...
Do You Need To Be Pre-approved For An Equity Buyout In A Divorce
New home buyers are often required to be preapproved for mortgage financing prior to submitting an offer to purchase a home. This standard procedure is done to show not only the buyer’s good faith but their financial strength to the sellers. Is it beneficial then for...
Key Factors to Consider When Refinancing the Marital Home
Whether refinancing the marital home or preparing to buy a new home after the divorce is final, knowing how support income stacks up can make the entire journey a smoother ride. Divorce and mortgage financing concerns are often a touchy subject in divorce situations....
Dividing Property after Divorce with a 1031 Exchange
Real Estate, whether it is the marital home or investment property, is one of the greatest assets owned by married couples. Typically in a divorce situation, property is sold or retained by one party and ownership is transferred solely in their name. When real estate...
Mediating the Marital Home – Why working with a CDLP may be critical.
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...
Moving into a Rental Property after Divorce?
Often times in a divorce situation, one party may decide to move into an existing rental/investment property they retain through the divorce settlement and make the rental property their new primary residence. Makes sense when you need to find new housing anyway! It...
Understanding the Transfer of Real Estate During Divorce
The basic understanding of the various real estate deeds is a must when transferring title and ownership to real estate during a divorce situation. A real estate deed is a legal instrument (document), almost always in writing, that passes an interest in real estate...
