Divorcing Your Mortgage Archives | Page 4 of 4 | The Richard Woodward Team Nexa Mortgage

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…

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…

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…

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…

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…

Welcome to Divorcing Your Mortgage November 2017 Newsletter. In this episode we are discussing avoiding language traps. We know it is important to be very mindful of the words used in a divorce settlement agreement in order to avoid any language traps and future conflict. Word choice can have an affect on the divorcing client’s…

Divorcing Your Mortgage | August 2017 Transfer of Ownership in Real Estate During Divorce The basic understanding of the various real estate deeds is a must when transferring title and ownership to real estate during a divorcing situation. This August Divorcing Your Mortgage newsletter will help you better understand the various forms of ownership of…

Welcome to the July 2017 Divorcing Your Mortgage newsletter. In this episode we discuss dividing liabilities and tax ramifications. A divorce is not a fun thing but does require expert advice to be sure that you are being protected. As a certified divorce lending specialist I am here to help in any way possible. If…

Top 10 Things You Should Know About Your Mortgage When Going Through a Divorce Divorcing clients have many questions when going through a divorce; especially when real estate and mortgage financing are involved. Here are ten top things every divorcing client should take into consideration when dealing with the marital home and/or other real estate.…

Divorcing Your Mortgage May 2017Newsletter from The Richard Woodward Mortgage Team

Five tips that will set you apart as a family law attorney. If you include some or all of these five elements into your divorce settlements, you will set yourself apart from the majority of family law attorneys and CDFAs who do not know these principles of mortgage qualifying. As a certified divorce lending specialist…