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DIVORCE, SHORT SALES, LOAN MODIFICATION, DEED IN LIEU AND FORECLOSURE - PLANNING AND SOLUTIONS
 
An excellent advice from a professional.
Unfortunately, short sales and divorce are more frequent than normal . It is disheartening seeing marriages being dissolved because of the stress that is caused by financial problems.
This foreclosure crisis has been the culprit of thousands of family tearing apart after a short sale or  foreclosure is completed.
It doesn't have to be. 
This information is a must read if a divorce is also part of your plan. .

 
Although we are years into a dramatic period of real estate deflation, divorce lawyers and judges have not been able to move from traditional solutions to new solutions that work in this recessionary economic environment.  The traditional ways of dealing with real estate in a divorce setting has changed.  Existing divorcees and those in the planning stages all are potentially affected. Existing handling of divorces usually cause havoc with attempts for Short Sale, Loan Modification or Deed in Lieu solutions.
What's the Problem?
Traditionally, the property that husband and wife accumulated during the marriage is divided by some mutual agreement or by an order of a court.  In the past, when real estate was essentially liquid (meaning it could be sold at a market value reasonably determined and within a forecast period of time) ... more

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