Dividing Real Estate in a Divorce
For many going through a divorce, the marital home and other pieces of marital real estate are their largest assets. Whether or not the marital home or real estate should be retained and by whom is often a major issue in the divorce. What happens to the family home...Divorcing Your Mortgage Newsletter – February 2020 Edition 1
Avoid a Housing “Crisis” – Plan Now for an Equity Buy-Out Later 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...
Obtaining Mortgage Financing When The Divorce Is Pending
As if mortgage financing isn’t complicated enough; divorce can complicate matters even further. It’s important to remember that divorce is a pending lawsuit, and while most lending agencies currently do not require that a divorce be noted as a lawsuit on mortgage loan...
You’re Awarded the Marital Home But Not on the Mortgage – Now what?
So, what now? You were awarded the marital home in the divorce but you’re not currently on the mortgage. How do you work with the Mortgage Holder going forward? Assumption & Release of Liability: When a former spouse assumes ownership of the home and the...
Dividing the Property
Every divorcing couple has some kind of property that needs to be understood, discussed, and divided. Even couples who split up after a few months have wedding gifts to consider. Property, in general, can be considered as all of those things the couple has accumulated...Divorcing Your Mortgage Newsletter – January 2020 Edition 2
Buying A New Home When 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...
Should a divorcing client move into their investment property after divorce?
BEWARE OF ANY POTENTIAL TAX CONSEQUENCES WHEN MOVING INTO AN INVESTMENT PROPERTY AS YOUR PRIMARY RESIDENCE. When going through a divorce, one of the first decisions that need to be addressed is where will you live. Many divorcing clients not only own the marital home...
