The Advantage of a Certified Divorce Lending Professional (CDLP)
When a divorce involves real estate and mortgage financing – you need to work with a Certified Divorce Lending Professional. A professional divorce team has a range of team players including the attorney, financial planner, accountant, appraiser, mediator and yes, a...Divorcing Your Mortgage Newsletter – May 2020 Edition 1
Proceeds from the Sale of the Marital Home A mortgage escrow account is designed to hold a homeowner’s periodic payments for real estate taxes, mortgage insurance and possibly homeowners insurance. Mortgage escrow accounts normally build up large balances at...
How Changes In The Mortgage Industry Will Affect Divorcing Clients
Divorce is messy as it is. Throw in the recent changes within the mortgage industry and it may get even messier! When divorce involves refinancing the marital home, divorcing borrowers typically are looking to pull equity out of the home in order to buy-out the other...
The Disposition of the Marital Home in Divorce
Typically, one of, if not the biggest marital assets is the marital home, right? The two most common ways to deal with the marital home is for one party to retain the home and pay the other party their share of the equity by refinancing the current mortgage or the...
Can you use divorce income to qualify for mortgage financing?
Divorce and mortgage financing concerns are often a touchy subject in divorce situations. Particularly when one spouse is dependent upon income awarded from the divorce for mortgage qualifying purposes and also when contingent liabilities are present, such as a...Divorcing Your Mortgage Newsletter – April 2020 Edition 2
How Ownership of the Marital Home is Transferred 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...
