As a successful Bay Area divorce attorney, you’d never violate the State Bar’s Rules of Professional Conduct by trying to represent both spouses during a divorce case. It’s a decision you simply wouldn’t make. Real estate agents, however, abide by a slightly different set of rules. … More Advocating For Your Divorcing Client: Can The CDRE Represent Opposing Counsel’s Client Too?
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.
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.