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The basic understanding of the various real estate deeds is a must when transferring title and ownership to real estate during a divorce situation. A real estate deed is a legal instrument (document), almost always in writing, that passes an interest in real estate from one person to another person. In short, when real estate is sold … Continue reading Understanding the Transfer of Real Estate During Divorce

Real Estate, whether it is the marital home or investment property, is one of the greatest assets owned by married couples. Typically in a divorce situation, property is sold or retained by one party and ownership is transferred solely in their name.  When real estate property owned is sold, each party may be subject to … Continue reading Dividing Property after Divorce with a 1031 Exchange

What happens to the liability for credit card debt in divorcing situations? In a divorce, the extent of a party’s liability for credit card debt depends on: whether they live in a common law or community property state.whether the debt is for a joint credit card, and who the debt is assigned to in the … Continue reading Managing Divorce and Credit Card Debt

Having a Certified Divorce Lending Professional (CDLP)  on your professional divorce team, who understands the financial subject matter of real estate and mortgage financing in a divorce situation, may be invaluable to all parties. The ability to illustrate financial insight and understanding of various support income sources, real property ownership types, asset division, etc. as … Continue reading When There’s a Need for Financial Mediation and Real Estate & Mortgage Financing are Present

Disbursing the net proceeds when the marital home is sold or refinanced can be super simple or it can be very complex. Either way, the title company or settlement agent will need to make sure all proceeds are disbursed according to the final separation and divorce orders. It is always a good idea to provide … Continue reading Disbursing Proceeds when Selling the Marital Home