Real estate blog entries tagged with divorce mortgage by Kelly Lise Murray (DivorceThisHouse.com)

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Home : Blogs : Kelly Lise Murray : Kelly Lise Murray's Blog : Tag "divorce mortgage"

divorce mortgage: 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)

divorce mortgage: Hidden Divorce Mortgage Mistake - Home Insurance? - 01/16/09 05:29 AM

Another hidden danger of divorce mortgages - home insurance
Did you know home insurance is required to close or keep a mortgage? If the house you buy (or keep per divorce) is later found to be uninsurable, the lender (based on contract language in the loan documents) can call the loan - essentially canceling your mortgage before it's barely begun.
Did you know pending insurance claims on a house will likely prevent a mortgage from closing?
Another casualty - your credit score: In divorce, if you cannot individually qualify for home insurance on the family house you own with your EX, you cannot … (2 comments)

divorce mortgage: After Divorce Mortgage Option for Stay At Home Parent - Kiddie Condo Loan Program - 01/14/09 08:17 AM

Sound familiar: "I have to keep the house - because I can't qualify for a mortgage on another property."
This is especially true for stay at home parents whose positive economic contribution to the family - although recognized by the family court - is invisible on their current credit report. Low credit or no credit is not helpful for mortgage underwriting purposes.
One post-divorce mortgage option for some stay at home parents - the Kiddie Condo Loan Program.
It was originally developed by the FHA for undergrad/grad students and their parents who, rather than rent for 4-5 years, chose to buy … (0 comments)

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Kelly Lise Murray

Franklin, TN

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DivorceThisHouse.com

Office Phone: (615) 791-5040

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January 2009 (16)

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