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Divorcing Your Mortgage

Who’s on Your Divorce Team? What you should know

Who is on your professional divorce team?

Who is on your Professional Divorce Team? Every successful divorce case requires the execution of a professional team; so, who’s on yours?  A divorce attorney may be an expert in divorce law, but they are not licensed loan officers.  Divorce mortgage lending requires expertise in not only lending, but an understanding of divorces. A Divorce…

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Divorcing Your Mortgage Newsletter May 2018

Trivia Divorcing Your Mortgage

Divorcing Your Mortgage Newsletter.  May 2018, bringing you Divorce Trivia. The History of Trivia is Anything But Trivial Calling all trivia buffs! You may school your friends in every random fact from pop culture to World War II, but how much do you know about the history of trivia itself? The dictionary defines trivia as…

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Divorce and your credit report

Dividing Up Credit Card Debt During A Divorce

Divorce can ruin your credit report.  Divorce is hard enough when you combine finances, it can sometimes lead to difficult situations.  Often times these difficult situations are initiated by a soon to be ex-spouse making late payments on shared accounts. These late payments appear on both of the account holders’ credit reports, despite divorce decrees.  In…

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Divorcing Your Mortgage Marital Liens

House in chains

Divorcing Your Mortgage Newsletter,  Marital Liens Marital Liens, Lis Pendens & Mortgages Lis Pendens are notices that warn the public of lawsuits that affect real estate. They are often used in divorce cases to protect one spouse when the other tries to transfer real estate without the other spouse’s knowledge. A Lis Pendens help to…

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Property Settlement Notes when Divorcing

Divorcing Your Mortgage Newsletter

Property Settlement Notes in Divorce Property Settlement Note – a deferred payment in property settlement used to equalize property. Used to equalize property Not taxable to recipient Does not survive bankruptcy Very often when divorcing couples negotiate the terms and conditions of a property settlement, they agree to a structured settlement, which is a series…

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Divorcing Your Mortgage IRA Conversion

IRA

Divorcing Your Mortgage |  Should Divorcing Clients Convert to a Roth IRA One of the primary benefits of using a Roth IRA is that you don’t pay  income tax when you withdraw funds in retirement. Unfortunately not everyone meets IRS standards to contribute to a Roth IRA. The primary reason  individuals are not allowed to…

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Divorcing Your Mortgage Newsletter December 2017

Dividing Up Credit Card Debt During A Divorce

Divorce Resource you need to protect yourself. A professional divorce team has a range of team players including the attorney, financial planner, accountant, appraiser, mediator and yes, a divorce lending professional. Every team member has a significant role ensuring the divorcing client is set to succeed post decree. A lending professional well versed in the…

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Contact Us

Nexa Mortgage - Richard Woodward
7820 Hague Ct
Plano, TX 75025
Phone: (214) 945-1066

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Licensing

Richard Woodward
Branch Manager
NMLS #217454
Company Licensing
Company State License#
AZMB - 0944059
NMLS# 1660690

Equal Housing Lender