Divorce Content Index - Page 1

To end a marriage, most people get a divorce. When people divorce it often means dividing up assets such as a house, cars, retirement accounts, and other assets and investments. But when it comes your home, mortgage and home equity loan, getting a divorce means understanding your liabilities with respect to having your name and credit associated with the home and mortgages. Learn from others who have been through a divorce, how they divided up their assets, and when they consulted an attorney or tax professional.

**Refinance Fees: How Much Is Too Much?** When you're refinancing your mortgage, how much should you be paying in refinance fees? It can be hard to tell what fees you're paying to the lender, what is prepaid interest, and what are the other costs of the loan. Refinance fees, especially for prepaid interest, can add up to the closing costs of refinancing your loan. Have your lender explain exactly what all the refinance fees are going toward before you make any decision about refinancing or canceling your refinance.

**8000 Tax Credit First Time Home Buyer Rules For Buying With A Partner** Can you qualify for the 8000 tax credit for first time home buyers if you are buying a house with a partner? if you're not married you can probably still claim the first time home buyer tax credit on your tax return, even if your partner doesn't qualify for the first time home buyer tax credit. Ask a tax professional for help to make sure you maximize the benefits of the 8000 tax credit for first time home buyers. Also, when buying with a partner, it's usually for the best to draw up a partnership agreement about how the home will be purchased.

Ilyce Glink Show Notes - November 15, 2009. Today on the show, we discussed the new Fannie Mae Deed For Lease Program in Detail; the new CreditKarma Survey on credit card debt; The October 2009 Realty Trac Foreclosure survey; Divorce and Mortgages; Mike Rose, a senior loan officer with Bank of America, came on to talk about some of the new mortgage rules with regard to divorce and FHA; Peggy Abkemeier, President of Rent.com discussed a new survey of investment property owners. NEW EBOOKS ON INVESTING IN REAL ESTATE; EBOOK SPECIAL.

Today on the Ilyce Glink Show, Ilyce discusses Fannie Mae's Deed for Lease program in greater detail than she has on previous shows and how living in a severance economy is leading to increasing levels of debt nation-wide, according to a survey from CreditKarma. She also talks to Mike Rose, a senior loan officer with Bank of America, about rising divorce rates and how divorce can affect your loans. If you're getting divorced, check out our ["Divorce and Your Finances" E-book](http://thinkglinkstore.com/divorce-and-your-finances.html), available at the [ThinkGlink.com store](http://thinkglinkstore.com/), so that you can protect yourself financially.

**Jobs, Foreclosures, The Stock Market And More Thoughts About Our Wacky World.** If we don't have jobs, it's awfully hard to pay a mortgage. More foreclosures may be on the way, according to the one person who I knew correctly called the financial meltdown.

**Divorce Decree May Require Ex-Spouse To Refinance Mortgage** The current economic situation may cause a conflict between what a divorce decree requires and what a person is able to do. When the divorce decree requires an ex-spouse to refinance a property to remove the other ex-spouse from the mortgage but the financial condition of the person owning the home make it impossible for that spouse to refinance, what can they do?

**Divorce Decree vs. Quit Claim Deed** You get divorced. You refinance your home. Your ex-spouse gives you a quit claim deed. End of story? Not so, says this reader whose ex-spouse wants half of the proceeds from the sale of the home 13 years after the quit claim deed and and 14 years after the divorce. Does the divorce decree trump the quit claim deed? Does the quit claim deed trump the divorce decree? What should the ex-spouse get in this real estate problem.

**No Health Insurance Leaves Wife with Husband's Medical Bills And In Need Of Help** No health insurance coverage can saddle anybody with debts beyond any means of repayment. But when a loved on dies and leaves those medical debts, spouses and family members are left to pick up the pieces. Proper estate planning is a must to make sure debts can be paid after debt and that property assets go to the right people.

**Mortgage Refinancing: If You Can't Refinance, Should You File for Bankruptcy Or Let The Home Go Into Foreclosure** Before a divorce, spouses frequently spend hours negotiating the details of each item they own, but they frequently neglect the single biggest asset they own together: their home. The best course of action at the time of a divorce is to require the spouse that is going to retain the home to refinance the home prior to the divorce becoming final. If you allow your ex-spouse to retain the home and the mortgage is still in your name, you are still on the hook for the mortgage payments and your credit is subject to take a hit if the mortgage isn't paid on time or your ex-spouse files for bankruptcy or lets the home go into foreclosure.

Ilyce Glink Show Notes - October 4, 2009; Atlanta Flood update; September job cuts and unemployment rate rises; Moving to Montana; Section 8 real estate investing; how to find an estate attorney; HUD-certified housing counselors and Net Present Value (NPV) calculations and why people can't get loan modifications; FREE BOOKS and EBOOK DISCOUNT DEAL; Taylor Bean Whitaker