Deducting Mortgage Insurance Premiums as Mortgage Interest Deduction
Deducting Mortgage Insurance Premiums as Mortgage Interest Deduction Divorcing Homeowners often find themselves having less than a full 20% down payment when purchasing their new home. When a purchase loan in first lien position exceeds 80% loan to value, mortgage...
Reverse Mortgage and Divorcing Seniors
Reverse Mortgage and Divorcing Seniors A reverse mortgage is a type of loan that allows homeowners to borrow money against the equity in their homes. Reverse mortgages enable homeowners to tap into a line of credit or receive from a lender a fixed monthly payment that...
I Can’t Buy a New Home if I’m Still on the Marital Mortgage!
“I can’t buy a new home if I’m still on the marital mortgage!” is often the statement made by the spouse leaving the marital home. Unfortunately, this isn’t necessarily true. In many divorce situations, the spouse retaining the marital home won’t qualify to refinance...
How a CDLP can help during the Divorce Mediation Process
Mediation is a process in which a third person helps the participants in a dispute to resolve it. In order to resolve the dispute, the participants must negotiate a solution. Problem solving is part of the negotiations. The process of mediation is the management of...
QuitClaim Deed vs. Warranty Deed
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...
Refinancing the Marital Home When You Don’t Live There
Many times in a divorce situation, one of the parties may not be living in the marital home at the time of the divorce; however, is awarded the marital home through the divorce settlement agreement or perhaps one divorcing party is awarded an investment property that...
Addressing the Marital Home During Divorce & Mediation
Mediation is a process in which a third person helps the participants in a dispute to resolve it. In order to resolve the dispute, the participants must negotiate a solution. Problem-solving is part of the negotiations. The process of mediation is the management of...
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...
