Divorcing Your Mortgage Newsletter – May 2020 Edition 2

Avoiding Acceleration of Mortgage in Divorce 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...

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...
The Disposition of the Marital Home in Divorce

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...

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...
The Impact of COVID-19 and Divorce Mortgage Financing

The Impact of COVID-19 and Divorce Mortgage Financing

The last couple of weeks have produced some very significant changes in the mortgage industry that could affect divorcing couples needing mortgage financing in the future. As turbulence continues in the housing market with mortgage rates fluctuating and the economy...

Divorcing Your Mortgage Newsletter – April 2020 Edition 1

Refinancing From a Financial Perspective Homeowners, divorcing or not, typically don’t understand the science of refinancing their current mortgage from a financial perspective. When divorcing clients are required to refinance the marital home they still need to think...

Divorcing Your Mortgage Newsletter – March 2020 Edition 2

Divorce and the 1031 Exchange Option 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, the property is sold or retained by one party, and ownership is...
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