Not All Refinances are Equal in Divorce
When the divorce settlement or separation agreement involves refinancing the marital home, understanding that not all refinances are equal and what your options are can help alleviate some of the frustrations involved. Types of Refinancing Options: Basically, there...Avoid Language Traps in Divorce Settlement Agreements
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 conflict. Word choice can have an effect on the divorcing client’s ability to obtain mortgage financing as well. While it may...
Real Property Transfer in Divorce
Real property transfer is unfortunately done more often than not without the proper long term thought or implications – Either from the perspective of a real estate attorney or a divorce attorney. The implications of transferring non-marital property: The implications...
Student Loan Debt & Divorce
How Student Loan Debt Effects the Mortgage in Divorce We have all seen many parents who have their own student loan debt or have co-signed student loans for their children. Mandating which spouse will be responsible for making those student loan payments in the...
Disbursing Proceeds when Selling the Marital Home
Disbursing the net proceeds when the marital home is sold or refinanced can be super simple or it can be very complex. Either way, the title company or settlement agent will need to make sure all proceeds are disbursed according to the final separation and divorce...
Avoid a Housing “Crisis” – Plan Now for an Equity Buy-Out Later
One of the main issues to consider early in the mediation process is what to do with the family residence. Often one party wishes to buy out the other’s equity in the property. Before any agreements can be reached, it must be determined if the “buying” spouse can...
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...Why You Need to Work with a Certified Divorce Lending Professional
When a divorce involves real estate and mortgage financing – you need to work with a Certified Divorce Lending Professional. A professional divorce team has a range of team players including the attorney, financial planner, accountant, appraiser, mediator and yes, a...
