I Can’t Buy a New Home if I’m Still on the Marital Mortgage!
“I can’t buy a new home if I’m still on the marital mortgage!” is often the statement made by the spouse leaving the marital home. Unfortunately, this isn’t necessarily true. In many divorce situations, the spouse retaining the marital home won’t qualify to refinance...
The Advantage of Working with a CDLP when Mediating the Marital Home.
Mediation is a process in which a third person helps the participants in a dispute to resolve it. In order to resolve the dispute, the participants must negotiate a solution. Problem-solving is part of the negotiations. The process of mediation is the management of...Divorcing Your Mortgage Newsletter – November 2019 Edition 2
Avoiding Acceleration of Mortgage in a Divorce Situation 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...Divorcing Your Mortgage Newsletter – November 2019 Edition 1
Working with Support Income 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...
Don’t Ignore Your Credit During Divorce
Not only can divorce lead to emotional strain, but it can also cause all sorts of financial problems. All those shared accounts and co-signed loans that once seemed like a great idea are now the cause of major issues. Don’t assume your clients will play nice and don’t...
Divorce: A War of Words
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...
The Advantages of a Strong Divorce Team
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 – 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...
