What If You’re Awarded The Marital Home And Not On The Mortgage?
So, what now? You were awarded the marital home in the divorce but you’re not a borrower on the existing mortgage. How do you work with the Mortgage Holder going forward? If you were awarded the marital home during divorce and will be refinancing the current mortgage...
How A CDLP Can Be A Financial Neutral On Your Divorce Team.
One of the most important team members in the collaborative divorce process is the financial neutral. The financial neutral is an impartial expert in his or her field with a primary role of educating all participants, including the divorcing couple, their attorneys,...
4 Reasons To Get PreApproved For an Equity Buy-Out In A Divorce
Obtaining mortgage preapproval to purchase a new home has been common practice for many years. A preapproval shows the home seller that the buyer has the financial strength to obtain mortgage financing to successfully complete the purchase transaction. The mortgage...
Avoid These Common Mistakes Made By Divorcing Homeowners
One of the biggest decisions divorcing homeowners face is what to do with the marital home and real property. Trying to agree on how to handle the mortgage and the home can be a challenge without proper direction from a Certified Divorce Lending Professional (CDLP™)....
What Real Property Details Matter in Divorce Mortgage Planning?
The details of real property involved in a divorce situation can play various factors when mortgage financing is needed. This article addresses some of the more commonly overlooked details. The two most often questions regarding real property during divorce: • What’s...
Don’t Wait to Refinance or Sell Before Updating Homeowners Insurance During and After divorce.
As Divorce Mortgage Planners, we regularly see divorcing homeowners not updating their insurance policy until later. For example, they may wait until they refinance the marital home mortgage or when only one spouse remains in the marital home until selling the house...
Quit Claim vs. Warranty Deed in Divorce
Transferring ownership of real property incident to divorce? Most divorce professionals request a Quit Claim Deed when transferring property for a divorce scale. A basic understanding of the various real estate deeds, i.e., Quitclaim deed vs. Warranty deed, is a must...
Using Creative Thinking During Divorce Negotiations
Having a strong divorce team with creative thinking can help solve common concerns regarding the marital home or purchasing a new home post-divorce. Couples contemplating divorce want to know “what they are legally entitled to.” It is natural to want the information...
