Ellen's Question:Hi Brette, I have been in a collaborative divorce process and we agreed upon a buyout for the house. I have already given my ex about $7,000 from the buyout in good faith. We are days away from signing the judgment and now he's suddenly pulled the plug on the wh...
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...
This type of loan can be particularly helpful for seniors looking to improve their financial situation without selling their home. However, reverse mortgages aren’t for everyone. A home equity line of credit (HELOC), home equity loan, or cash-out refinance are often better choices to tap your...
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...
Mortgage brokers work for spouses to help them figure out ways to refinance a family home with sole ownership. They also show how to fully remove a spouse’s name from the loan and title deed, and the implications of other financial aspects of the divorce on a home buyout. Realtors and...