Divorcing Your Mortgage Newsletter – Sep 2020 Edition 2
The Capital Gains Exclusion & Selling the Marital Home Buying a new home is an exciting new beginning for married couples. When the time comes to sell the home, the 4Sale sign may not be under such happy circumstances. When the sale of the marital home comes with...
3 Advantages of a Diverse Divorce Team
A professional divorce team has a range of team players including the attorney, financial planner, accountant, appraiser, mediator, and yes, a divorce lending professional. Every team member has a significant role ensuring the divorcing client is set to succeed...
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...Divorcing Your Mortgage Newsletter – Sep 2020 Edition 1
The Impact of COVID-19 and Divorce Mortgage Financing The last couple of weeks have produced some very significant changes in the mortgage industry that could affect divorcing couples needing mortgage financing in the future. As turbulence continues in the housing...
Avoiding Language Traps in the Divorce Settlement Agreement
Avoiding Language Traps in Divorce Settlement Agreements That Could Affect Your 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 any language traps and future...
What Divorcing Homeowners Should Understand When Refinancing the Marital Home
Divorce is messy as it is. Throw in the recent changes within the mortgage industry and it may get even messier! When a divorce involves refinancing the marital home, divorcing borrowers typically are looking to pull equity out of the home in order to buy-out the...Divorcing Your Mortgage Newsletter – Aug 2020 Edition 2
The Cost of Moving into a Rental Property as Your New Primary Residence 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. The Housing Assistance Tax...Divorcing Your Mortgage Newsletter – Aug 2020 Edition 1
Working with Support Income for Mortgage Financing Divorce and mortgage financing concerns are often a touchy subject in divorce situations. Particularly when one spouse is dependent upon income awarded from the divorce for mortgage qualifying purposes and also when...
