Clients often ask for a Fair Market Valuation to establish their property’s value and calculate the equity they’ve built in their homes. They don’t seem to realize that fair market value is only part of the picture. Without considering several additional key metrics, a miscalculation of true equity is almost guaranteed.
Your client’s final divorce decree does not completely close the books on the disposition of his or her real property. To finalize the sale or transfer of property, you must follow through with an official recording of legal ownership by filing a Quitclaim Deed. Neglecting this final step can cause significant problems for your client … More Don’t Forget the Quitclaim
In 2018, the market saw interest rates rise by 3/4 to 1% on traditional, conventional, fixed-rate mortgages. This doesn’t seem like much at first glance, but this small difference can critically impact a divorcing client’s debt-to-income ratio and, ultimately, determine whether or not they’ll be able to keep their home.