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divorce your house: Only Two Ways Off of a Joint Mortgage Per Divorce - Do You Owe (on) a House You Don't Own? - 01/12/09 09:19 AM
Another hidden danger of divorce real estate - joint mortgage after your divorce.
Sound familiar:  "I signed the papers.  Why is my name still on the mortgage?"
There are only two ways off of a joint mortgage:
Individually refinance the joint mortgage in the name of one spouse only  OR Sell the house That's it.  Simply signing papers likely means you gave up OWNERSHIP without giving up DEBT.  It means you owe on a house you no longer own. 
This is a HUGE mistake.  
By signing a quitclaim deed, you transfer your ownership interest (whatever interest you currently have) in … (1 comments)

divorce your house: Divorce Dish (es) about Divorce This House (tm) - 01/09/09 06:35 AM
From the Divorce Dish Blog by Lisa Decker, www.DivorceMoneyMatters.com
Kelly Lise Murray, a Harvard-trained lawyer and Nashville real estate agent has some interesting ideas and insight when it comes to divorce and the family home.  www.DivorceThisHouse.com  We spoke recently and look forward to do some complimentary work to help clients, and their attorneys, understand all why the family home can continue to be a money pit even after the divorce is over.  Another reason to make sure you understand all the issues regarding the financial aspects of your divorce!  http://tinyurl.com/5hyx8k
… (1 comments)

divorce your house: You're not really divorced if you're still linked through your house - 01/08/09 01:05 PM
Divorce This House was featured in the Los Angeles Times on Sunday, January 4, 2009 - wow! 
http://www.latimes.com/business/la-fi-lew4-2009jan04,0,5952121.story
HOUSING SCENE
Keeping the house makes for a messy divorce
It's not just a matter of who keeps the home. Loans, liens and other financial issues can preclude a clean split.
By Lew Sichelman January 4, 2009
Reporting from Washington -- Splitting up after years of marriage? Divorce your house, then your spouse.That bit of advice goes against the almost universal desire to hang on to the family home, especially by the spouse who ends up with custody of the children.

 
http://www.latimes.com/wireless/avantgo/la-fi-lew4-2009jan04,0,4316209.story
… (4 comments)

divorce your house: Hidden Time Bomb in Suggested Solution for Divorce Real Estate - 01/07/09 06:49 AM
Regarding divorce real estate, I received this morning the following message via Active Rain:
best solution to date is utah, wife files, husband keeps home, kids, wfe takes apt., two jobs, pays support, has visitation, youngest child turns of age, house divided at that time.
The hidden dangers of delayed sale/joint home ownership AFTER divorce essentially create a time bomb for either or both spouses.  One specific danger (among many) - post divorce liens.
Utah is an equitable distribution state, and debts of either spouse after divorce can be recorded as liens against the title to the former family house.
Because liens … (4 comments)

 

Kelly Lise Murray

Franklin, TN

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DivorceThisHouse.com

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