Don't Worry about the Mortgage, You're Divorced Now, said the Lawyer

By
Real Estate Agent with Keller Williams 414-525-0563 57026-90 Broker

 Oh golly gee whiz....that mortgage that has both husband and wife owning the property....don't worry about it ? The one that says you are equally liable for every nickel owed ...THAT piece of the marriage/divorce puzzle ? decree

       Please DO worry about it...worry about how your name gets OFF the mortgage or IF your ex is"buying you out" that ever piece of paper provided as proof of intent to purchase is examined for accurstamp of approvalacy.  The problem is that Lawyers don't always know what IS accurate....and instead of advising their clients to have someone else review it....they give their stamp of approval on anything that "looks official".   

     That is one of the reasons we find ourselves seated in courtrooms or emailed legal documents when we are appointed the agents for the house that was never sold as was ordered in the original divorce decree....could not be refinanced...which was obvious BEFORE the divorce was granted....but the ever so famous "Re-finance or Sell" issue was ordered years before....that is the way it has been and for the immediate future...is now....urgh.

    If your name is on ANYTHING...the mortgage, a credit card, a medicworryal bill, a bank account....and you are in the process of or have divorced and you are not in sole and complete control...DO worry about it !

     Remember the person that you did not trust as a marital partner now may have that control ....and may not pay bills on time, completely...at all....and continues to destroy your credit.....and theirs as well....while they continue down the path of financial destruction. 

      If you are unclear what your financial responsibility is...if you can't understand the documentation...if none or only part of it was provided....Do more than worry...consult the highest and best source you know to clarify the situation and see that you do whatever it takes to become a WHOLE financial justiceperson on your own without someone else pulling your financial strings or breaking them....be your own independent person...with Financial liberty and justice for YOU !    

   This has been a public service post brought to you by  Sally K. & David L. Hanson, Broker Associates and the only divorce certified expert real estate agents in Wisconsin.

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Rainmaker
2,694,775
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Good morning, Sally and David -- Oh My!  Isn't it amazing what comes out of the mouths of some "experts"?   Actually...amazing isn't the word...crazy is more accurate.  Yikes.   

Aug 05, 2017 06:31 AM #1
Rainmaker
2,626,249
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Sally and David. This is so true and would be funny if not so tragic.

Aug 05, 2017 06:38 AM #2
Rainmaker
1,631,105
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That is crazy for a lawyer to say that, it is usually the biggest debt that is shared between married people.

Aug 05, 2017 06:57 AM #3
Rainmaker
2,470,087
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Ahhhh "experts".....everyone should just listen to you guys!  Happy weekend!

Aug 05, 2017 07:32 AM #4
Rainmaker
2,261,596
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Saturday to both of you.  Excellent post for this find Saturday morning and one that is so important to know about.

 

Aug 05, 2017 08:07 AM #5
Rainmaker
3,098,884
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good afternoon Sally K. & David L. Hanson ,

OMG..it never ceases to amaze me what some attorneys will say in divorce cases!! Definitely could lead to big time trouble.

Aug 05, 2017 02:32 PM #6
Rainmaker
3,606,767
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It is scary to imagine anyone getting wrong advice from a lawyer. Thank you for sharing

Aug 05, 2017 04:17 PM #7
Ambassador
3,207,153
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Sally and David you are absolutely right, if your name is on it WORRY!.  Attorneys need to stick to what they know and refer people who are the mortgage and Real Estate experts. 

Aug 05, 2017 04:18 PM #8
Rainmaker
2,155,306
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

Good morning Sally.

Opened my eyes on what I'm sure is just some of the issues you and David encounter, several times during the year.  

Aug 06, 2017 01:33 AM #9
Rainmaker
1,975,315
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Good morning, Sally and David... I simply find it hard to fathom that an attorney would give advice like that... sheesh! And then in most states we also automatically give them a real estate license???? Crikey!

Aug 06, 2017 05:56 AM #10
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3,250,132
Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Incredible that an attorney would actually give that advice. And scary that there would be people who would believe it, too!

Jeff

Aug 06, 2017 07:45 AM #11
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Rainmaker
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Sally K. & David L. Hanson

WI Realtors - Luxury - Divorce - Short Sale
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