Don’t Let Divorce Ruin Your Credit

Don’t Let Divorce Ruin Your Credit

When divorce is present, it is crucial to understand what happens to the liability for credit card debt in divorcing situations. In a divorce, the extent of a party’s liability for credit card debt depends on: Whether they live in common law or community...
The Issue With Overlooking Property Taxes in Divorce

The Issue With Overlooking Property Taxes in Divorce

Property Taxes and Escrow Accounts What is property tax? Property tax is paid by an individual or entity on an owned property. Property taxes are a type of “ad valorem” tax, which means they are based on the assessed value of real property and some tangible personal...
What Happens To The Reverse Mortgage After Divorce?

What Happens To The Reverse Mortgage After Divorce?

Couples can divorce later in life for the same reasons younger couples split up – but when you’re over 50, these reasons are framed by aging and the realization that you have more years behind you than ahead of you. While there may be differences in the emotional...
Divorce Mortgage Planning Defined

Divorce Mortgage Planning Defined

Many times in a divorce, we are more focused on curing the problem at hand, i.e., distributing real property and assets, that we forget there is life after divorce. The biggest challenge is the lack of knowledge, understanding, and preparedness of how the various...
Can Trigger Leads Be Harmful For Divorcing Homeowners?

Can Trigger Leads Be Harmful For Divorcing Homeowners?

A trigger lead is a marketing product created by national credit bureaus. For example, once a homeowner applies for a new mortgage loan, information about the loan application is sold by Experian, TransUnion, and Equifax to participating lenders who have an interest...
Can I assume the existing mortgage?

Can I assume the existing mortgage?

Can one spouse assume the mortgage releasing the ex-spouse from future liability? With rising mortgage interest rates, many divorcing homeowners ask, “Can I assume the existing mortgage?” By assuming the existing mortgage, they hope to eliminate the need to refinance...
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