Divorcing Your Mortgage Newsletter – October 2019 Edition 2

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...
Managing Your Credit Through Divorce

Managing Your Credit Through Divorce

Many divorced couples run into financial problems a few months after a divorce when an ex-spouse starts making late payments on a shared account. These late payments appear on both of the account holders’ credit reports, despite divorce decrees. Once the records...
Choose Your Words Carefully

Choose Your Words Carefully

Choosing the words carefully in the divorce settlement agreement can help avoid language traps that could affect the ability to obtain mortgage financing. We know it is important to be very mindful of the words used in a divorce settlement agreement in order to avoid...
Moving Into An Investment Property After Divorce?

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....
Still Tied To The Mortgage On The Marital Home?

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...
Key Factors to Consider When Refinancing the Marital Home

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

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...
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