If the items in the safe deposit box are marital property, they will be divided in the divorce. If they are separate property (something you owned before the marriage or received as a gift or injury settlement during the marriage), they are yours. Am I entitled to any equity from his Mo...
When it comes to financing the house, the priority is to figure out how big of a loan you could obtain. What is possible? Be sure to consider several scenarios, such as your qualifications NOW vs. your qualifications post-divorce based on the proposed terms of your settlement agreement. Lea...
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Resolving these challenges gets a bit trickier when neither client is in afinancial position to afford to keep the propertyAND there is little or no equity remaining in the property at the time of the divorce settlement. In these cases, you may need to resort to things such as a loan modi...
Joint debts are still debt to be considered in your new mortgage application unless your divorce settlement agreement legally assigns the liability to your spouse. In that case, it can be excluded. Any joint debts not legally assigned to another party are likely to count against you. 77. Can...
Your bank may also be able to save you from foreclosure by putting you on aninterest-only home loanor a shorter-term ARM to lower the monthly mortgage costs. Ironically, these will reset in the future and could land you back in a tough spot. However, it would buy you some time to ge...
Buying your first home is a huge step, but tax deductions available to you as a homeowner can reduce your tax bill.
The settlement and consequent contraction of the public domain, the pressure of a constantly increasing density of population, the interrelation of the activities of our people and the complexity of our economic interests, have inevitably led to an increased use of the organization of society in ...
Now that Ostrom, a court reporter, is living in a rental following her 2011 divorce, she is having second thoughts. Home-office write-offs are simpler and far more compelling for renters than for homeowners. “It seems like it’s at least worth considering,” says Ostrom. ...
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