The Issue With Overlooking Property Taxes in Divorce
Property Taxes and Escrow Accounts What is property tax? Property tax is paid by an individual or entity on an owned property. Property taxes are a type of “ad valorem” tax, which means they are based on the assessed value of real property and some tangible personal...
What Happens To The Reverse Mortgage After Divorce?
Couples can divorce later in life for the same reasons younger couples split up – but when you’re over 50, these reasons are framed by aging and the realization that you have more years behind you than ahead of you. While there may be differences in the emotional...
Divorce Mortgage Planning Defined
Many times in a divorce, we are more focused on curing the problem at hand, i.e., distributing real property and assets, that we forget there is life after divorce. The biggest challenge is the lack of knowledge, understanding, and preparedness of how the various...
Can Trigger Leads Be Harmful For Divorcing Homeowners?
A trigger lead is a marketing product created by national credit bureaus. For example, once a homeowner applies for a new mortgage loan, information about the loan application is sold by Experian, TransUnion, and Equifax to participating lenders who have an interest...
Can I assume the existing mortgage?
Can one spouse assume the mortgage releasing the ex-spouse from future liability? With rising mortgage interest rates, many divorcing homeowners ask, “Can I assume the existing mortgage?” By assuming the existing mortgage, they hope to eliminate the need to refinance...
What does it take to be a game changer?
Everybody wants to be a game changer, but few know how to do so. An appropriately diverse divorce team has a range of team players, including the attorney, financial planner, accountant, appraiser, mediator, and divorce mortgage planner. Every team member has a...
What Makes A CDLP Different
There are various divorce certifications in the marketplace today, but what makes a Certified Divorce Lending Professional (CDLP™) different? Each team member has their own area of expertise in the collaborative divorce team because it would be impossible for one...
What Does “Vetting the House” really mean?
The term vetting has become commonplace in today’s political and business world. But what does vetting mean, and how does it fit into divorce mortgage planning? Vetting means conducting a thorough and diligent review of a person, document, property, investment,...
