Category: Divorce and Real Estate
How to Solve the Mortgage Problem in Divorce
The first rule of mortgages in divorce is to define and resolve each spouses financing goals before signing a final agreement. Although every situation is unique and mortgage qualification requirements change (often), it is always true that divorcing couples must plan ahead. Here’s what you need to know. Spouses who will depend on child and … Continue reading How to Solve the Mortgage Problem in Divorce
A House Divided: Your Home in Divorce
For most couples, the family residence is one of their largest assets. In divorce, the family home is treated like any other asset, but it is an asset unlike any other. The family home isn’t easily divided. Budgetary concerns and tax issues coupled with emotional ties to the home can lead to catastrophic financial outcomes. … Continue reading A House Divided: Your Home in Divorce
Your Divorce: Six Essential Elements to a Smart Property Division
Identify Assets and Liabilities Gather the latest statements for your assets (investments, property, business interests) and liabilities (mortgages, credit card debt, auto loans, etc.). Divorce Planning of Austin uses these statements to prepare an initial list of property to be divided. Collect tax documents for at least the past three years. Reviewing tax returns helps uncover … Continue reading Your Divorce: Six Essential Elements to a Smart Property Division
Can using the wrong form invalidate a real estate appraisal in divorce?
Today’s Alert: The Costly Mistake of Using the Wrong Appraisal Form in Divorce In my divorce financial advisory practice, I often see small oversights turn into expensive problems. One such issue was recently highlighted by the Divorce Lending Association: using the wrong appraisal form in divorce proceedings. As Gary Coyle of The Coyle Group explains, … Continue reading Can using the wrong form invalidate a real estate appraisal in divorce?