divorce equity buyout Texas Archives | The Richard Woodward Team Nexa Mortgage

Texas Owelty Lien vs. Cash-Out Refinance

If you’re keeping the house after a Texas divorce and need to pay your spouse their share of the equity, don’t automatically assume you need a cash-out refinance. A properly structured Texas Owelty lien can create a very different financing transaction—and the distinction can be extremely important when you need access to more than 80%…

One of the most common questions I hear from homeowners going through divorce is: “Can I refinance before the divorce is final?” The short answer is:Sometimes — but it depends on timing, the divorce agreement, and how the mortgage is being structured. In Texas, divorce refinances can become complicated quickly if the mortgage strategy is…

Are Your Owelty Liens Costing Clients thousands

If you’re a family law attorney in Texas—or going through a divorce involving real estate—there’s one critical question you need to ask: Is the Owelty Lien structured correctly for financing? Have you double checked the title history? An existing Texas cashout refinance will prevent the use of an Owelty lien. This means that no division…