Divorce
Problem Lending Money To Family Member With Divorce
Lending money to family and friends can lead to problems, particularly if they get divorced. Recovering the money may be even harder. Q: My wife and I are in our late 60′s and two years ago we loaned my son …
Quit Claim Deed From Divorce Not Signed At Refinancing
In a divorce, if one spouse will keep the home, the other spouse should quit claim deed the home before you refinance the loans on the home. Q: In 2008, as part of my divorce decree and to pay off …
Home Equity Lost After Divorce
After divorce, home equity in former marital home may be lost without good planning and consideration of housing market downturn. Q: My ex-spouse and I own a home together that sits on a big piece of property. When we divorced, …
Refinance Needed To Change Name On Mortgage During A Divorce
Q: When I was married, my wife and I signed a loan to buy a home. We got divorced, but she was awarded the house in the divorce agreement and stayed in the property for a few years after our …
Divorce May Not End Joint Tenancy Deed
Q: Here’s my question: Let’s say a husband and wife own a rental property with a joint tenancy and a right to survivorship deed. Later, they divorce without changing the deed, and 10 years later, one of them passes away. …
Divorced and Filing Taxes: Who Gets the Capital Gains Exemption?
Who gets the capital gains exemption when divorced spouses filing taxes? Divorced couple filing for taxes discover who gets the capital gains exemption on the sale of a second home on taxes. Capital gains exemption on selling property goes to divorced spouse that lived in property prior to sale. Divorced homeowner filing for taxes files for capital gains exemption on sale of second property. Consult tax advisor to decide who gets the capital gains exemption in divorce.
Student Loan Cosigner Responsibility After Divorce
What is a student loan cosigner responsibility after divorce? Student loan cosigner responsibility after divorce is no different than a student loan cosigner’s responsibility before divorce. The cosigner of a student loan is responsible for loan payments even in the event of a divorce. After divorce, a student loan cosigner has responsibility for their spouse’s student loan they cosigned on.
Dividing Property In A Divorce: Who Gets The House?
Dividing property in a divorce, who gets the house? Getting a divorce and dividing property and assets is complicated. Dividing property includes the house, refinancing the house, retirement funds and all other property and assets. So who gets the house when dividing property in a divorce? Owed mortgage payments and refinancing the mortgage must be considered when deciding who gets the house and dividing property in a divorce.
Short Sale or Foreclosure After Divorce Will Severely Hurt Your Credit
Going through a short sale or foreclosure after a divorce will severely hurt your credit. Dividing up debts, keepsakes and housing can be the hardest part of a divorce, but a short sale or foreclosure is not an easy solution. While a short sale or foreclosure after divorce can severely hurt your credit, you might be better off with a short sale or foreclosure rather than a bankruptcy. A good real estate attorney can help you make that financial decision and lessen the impact of a short sale or foreclosure on your credit after a divorce.
Divorce Causes Problems During Home’s Sale
A divorce can just complicate the sale of a home. If both spouses have different plans or ideas for the selling of their real estate, it may take a lawyer to smooth things out. Options like deciding whether to put a for sale sign or whether to reduce the price to make the home sell more quickly may complicate the sale of a home. Being well informed about the laws regarding divorce and real estate can make the sale of your home easier and faster.
