Posts

Pending Divorce Can Be A Deal Killer; Rent Backs; Delayed Financing

Here a few quick reminders: Pending Divorces can be deal killers. This is b/c underwriters need to know what the final obligations will be for both spouses before they can issue a loan approval. If a divorce is pending with no finalized and recorded divorce decree, underwriters have no way of knowing what a spouse’s […]Read More

Divorce Season; Things to Know About Mortgages and Divorces

As a friend in the industry reminds me every year, “divorce season” is now upon us. People don’t like to file for divorce around the holidays or during hectic summers, so March turns out to be the peak filing month. With that said, I am repeating key information that everyone should know about mortgages and […]Read More

Things to Know About Mortgages and Divorces

This is a popular blog from January that we think is worth repeating b/c the info is so important. Things to know about mortgages and divorces: 1. Spouse can quit-claim off title, but NOT off the loan. The only way a spouse can get “off a loan” is with a full refinance. 2. If a […]Read More