Divorcing Your Mortgage Newsletter – March 2020 Edition 1
Understanding the Importance of Basis When Selling the Marital Home Divorcing Clients who are selling the marital home should understand the importance of Basis. The Basis of the property is usually the acquisition cost and may be an important number when calculating...
Working with a CDLP 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...
Mortgage 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. Basically, there are two types of refinancing...Divorcing Your Mortgage Newsletter – February 2020 Edition 2
Understanding VA Loans and the Effects of Divorce VA home loan mortgages are a fantastic benefit to qualifying veterans who meet the requirements set by the Department of Veterans Affairs, but what happens to a VA loan when a couple divorces? The VA home loan is...
Dividing Real Estate in a Divorce
For many going through a divorce, the marital home and other pieces of marital real estate are their largest assets. Whether or not the marital home or real estate should be retained and by whom is often a major issue in the divorce. What happens to the family home...Divorcing Your Mortgage Newsletter – February 2020 Edition 1
Avoid a Housing “Crisis” – Plan Now for an Equity Buy-Out Later One of the main issues to consider early in the divorce 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...
Obtaining Mortgage Financing When The Divorce Is Pending
As if mortgage financing isn’t complicated enough; divorce can complicate matters even further. It’s important to remember that divorce is a pending lawsuit, and while most lending agencies currently do not require that a divorce be noted as a lawsuit on mortgage loan...
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...
