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Also, you can attach different documents that support that you have gone through difficult economic times, such as a divorce settlement, job layoff, etc. 5. Check with several lenders It is always good to seek a second opinion, although a fifth opinion would not hurt in this case. You ...
Yes. In fact, in instances where one spouse has agreed to take over thehouse as part of the divorce settlement,it may be wise to have the former spouse’s name removed as quickly as possible so that they legally won’t get any of the proceeds if you sell the property or inherit it i...
Maybe so. But the chances of that banker having handled more than a couple of divorce loans in their career is probably slim. Not only might they have a limited purview on divorce lending parameters, but they may have no awareness at all of the divorce settlement process and all of its ...
Documentation of child support, if you wish to show it as income, and a copy of the divorce settlement Copy of your most recent monthly statements for any mortgages, home equity loans or lines of credit you may have on existing properties (if refinancing or purchasing additional property) ...
Annie's Question:I was married about 4 years ago and now my husband wants a divorce. We live in the house that he purchased prior to our marriage and he is paying for the mortgage. As part of a divorce settlement would I be entitled to any portion of the house value?
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Buying your first home is a huge step, but tax deductions available to you as a homeowner can reduce your tax bill.