Divorcing Your Mortgage Newsletter – October 2019 Edition 1
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....
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
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?
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....
Top 10 Things You Should Know About Your Mortgage When Going Through a Divorce
Divorce changes many things when obtaining mortgage financing. Recognizing many of the significant differences can help make future mortgage financing a smoother process. Timing of Filing Divorce Petition. The timing of filing a divorce petition with the court has a...
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...
Do You Need To Be Pre-approved For An Equity Buyout In A Divorce
New home buyers are often required to be preapproved for mortgage financing prior to submitting an offer to purchase a home. This standard procedure is done to show not only the buyer’s good faith but their financial strength to the sellers. Is it beneficial then for...
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....
