Real estate blog entries tagged with child support by Kelly Lise Murray (DivorceThisHouse.com)

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Home : Blogs : Kelly Lise Murray : Kelly Lise Murray's Blog : Tag "child support"

child support: Jan 13 Georgia Family Law Blog Featured Divorce This House! - 01/17/09 03:49 PM

The January 13, 2009 Georgia Family Law Blog by Stephen M. Worrall featured Divorce this House
http://tinyurl.com/a2ldtt
Kelly Lise Murray, Co-Founder & President of DivorceThisHouse.com warns against a hidden danger of divorce real estate -post-divorce mortgages.
Not all forms of alimony and child support count as YOUR income for mortgage purposes. In an article posted on ActiveRain.com, she cautions child support recipients that accepting your support by direct deposit is a huge mistake. She says the same is true about cash. The reason: Banks require proof of income. When you receive support by direct deposit or in cash, there is no paper trail … (0 comments)

child support: How Support via Direct Deposit Damages Your Mortgage Application After Divorce - 01/13/09 07:08 AM

Not all forms of alimony and child support count as YOUR income for mortgage purposes
Accepting your support by direct deposit is a huge mistake. Same thing with cash. Banks require proof of income. When you receive support by direct deposit or in cash, there is no paper trail or proof of income.
You Need a Paper Trail - Track Record of On-time Payment in Full:
Without a paper trail, the mortgage lender cannot count your support as income. And you may not qualify for a mortgage without it.
For the best paper trail, have your support payments sent directly … (2 comments)

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Kelly Lise Murray

Franklin, TN

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DivorceThisHouse.com

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January 2009 (16)

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