Getting a mortgage is challenging enough -- with strict underwriting requiring detailed explanations, sourcing of monies and debt ratios -- but adding a divorce to the picture makes it even more technical for the divorced borrower.Fox Business...
One benefit of marriage is the statutory legal protections that come with it. These laws protect the surviving spouse from losing their home and specify how property is to be divided when a couple gets a divorce. These don’t apply to other relationships, but you and your friends can put t...
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Divorce Specific: Process and Timeline Dividing Property Tax Considerations Buying A Home 1. What do I need to do before buying a home? Step 1: Set a housing expense budget (include estimated payments for mortgage, property tax, insurance, HOA, and maintenance) Step 2: Save for the down pa...
As mentioned above, relocation was actually the number two response from builders saying what’s driving their sales. Although migration is down from peak levels during the pandemic and the height of the work-from-home trend, it’s still a big driver of demand, especially into some of the ...
Buying a home is probably the biggest purchase most of us will make in our lifetimes. It’s perfectly natural to have questions and experience every known emotion during the home buying process. There’s a lot of work to do, but don’t worry — this home buying checklist will help you ...
Buying your first home is a huge step, but tax deductions available to you as a homeowner can reduce your tax bill.
Have a vacant home you want to sell Have a house full of mold or requires extensive repairs Divorce necessitates sale Have storm damage or fire damage Need to relocate for a job Have title issues Inherited a property Avoid foreclosureand Get Moving Assistance ...
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You might be able to meet part of the residency requirement if you had to sell your home early due to a divorce, a job change, or some other reason that affected your ability to maintain your home. Report the gain onForm 8949: Sales and Other Dispositions of Capital Assets, if you hav...