Moving into a Rental Property after Divorce?
Often times in a divorce situation, one party may decide to move into an existing rental/investment property they retain through the divorce settlement and make the rental property their new primary residence. Makes sense when you need to find new housing anyway! It...
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 always in writing, that passes an interest in real estate...
Managing Divorce and Credit Card Debt
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 a common law or community property state. whether the debt is for a joint credit card, and...
When There’s a Need for Financial Mediation and Real Estate & Mortgage Financing are Present
Having a Certified Divorce Lending Professional (CDLP) on your professional divorce team, who understands the financial subject matter of real estate and mortgage financing in a divorce situation, maybe invaluable to all parties. The ability to illustrate financial...
The Puzzle Pieces of Divorce
A successful divorce settlement is a result of putting the pieces of the puzzle together in such a manner that both divorcing parties come out of the divorce whole. When the divorce settlement involves real estate and mortgage financing, the Certified Divorce Lending...
The Collaborative Law Process and Involving a Certified Divorce Lending Professional (CDLP)
Collaborative Law is a settlement process that focuses on helping families resolve complex disputes, often with the aid of specialists. The collaborative law process focuses on creating a safe environment for the parties to express, negotiate and resolve conflict...
Do You Need to Sell the Marital Home before You can Buy a New Home after Divorce?
Many divorcing homeowners don’t want to rent after owning their home. In many divorce situations, the spouse retaining the marital home won’t qualify to refinance the current mortgage and the vacating spouse believes they can’t qualify to purchase a new home while...
Refinancing a VA Loan in a Divorce Situation
VA Streamline Refinances (IRRRL – Interest Rate Reduction Refinance Loan) after a death, divorce or marriage. The general rule of thumb is that the eligible Veteran must remain on the loan. It’s the entitlement of the Veteran that makes the VA loan possible. 1. Can...
