Divorcing Your Mortgage Newsletter – Jul 2020 Edition 1
The Impact of Changes in the Mortgage Industry for Divorcing Borrowers When a 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 spouse’s equity ownership. Although the...
Protecting Yourself from Financial Identity Theft after Divorce
During a marriage, the financial identity of both spouses may become comingled due to joint bank accounts, joint credit cards, co-mortgagees, and more. Protecting yourself or your clients from financial identity theft during and after the divorce is final should be a...
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, the property is sold or retained by one party, and ownership is transferred solely into their name. When real...Divorcing Your Mortgage Newsletter – Jun 2020 Edition 2
Protecting Your Clients from Financial Identity Theft in a Divorce During marriage, the financial identity of both spouses may become comingled due to joint bank accounts, joint credit cards, co-mortgagees and more. Protecting your clients from financial identity...
Still Tied to the Mortgage on the Marital Home after Divorce?
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...Divorcing Your Mortgage Newsletter – Jun 2020 Edition 1
Avoid a Housing “Crisis” – Plan Now for an Equity Buy-Out One of the main issues to consider early in the divorce process is what to do with the family residence. Often one party wishes to buy out the other’s equity in the property. Before any agreements can be...
Moving into an Investment Property after Divorce?
The Housing Assistance Tax Act of 2008 When A Divorcing Client Moves Into An Existing Rental Property There may be a widely overlooked tax consequence as many divorcing couples who own investment properties often move into a rental home as their new primary residence....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...
