Divorcing Your Mortgage Newsletter – January 2020 Edition 2
Buying A New Home When Tied To The Mortgage On The Marital Home One of the main concerns, when one party is retaining the marital home, is that the vacating or out spouse will not be able to qualify for future mortgage financing while their name remains tied to the...
Should a divorcing client move into their investment property after divorce?
BEWARE OF ANY POTENTIAL TAX CONSEQUENCES WHEN MOVING INTO AN INVESTMENT PROPERTY AS YOUR PRIMARY RESIDENCE. When going through a divorce, one of the first decisions that need to be addressed is where will you live. Many divorcing clients not only own the marital home...
Divorcing Your Mortgage Newsletter – January 2020 Edition 1
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...Divorcing Your Mortgage Newsletter – December 2019 Edition 2
Protecting Your Clients from Financial Identity Theft in a Divorce During marriage, the financial identity of both spouses may become comingled due to joint bank accounts, joint credit cards, co-mortgagees and more. Protecting your clients from financial identity...
Don’t Overlook How To Disburse Proceeds From The Marital Home In The Divorce!
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...
‘Tis the Season – Managing Credit Card Debt & Divorce
The holiday season typically brings an increased used in credit cards. When divorce is present it is important to understand 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...Divorcing Your Mortgage Newsletter – December 2019 Edition 1
Marital Liens, Lis Pendens & Mortgage Financing Lis Pendens are notices that warn the public of lawsuits that affect real estate. They are often used in divorce cases to protect one spouse when the other tries to transfer real estate without the other spouse’s...
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...
