divorce attorney dallas: How to get a Home Equity Buyout When Getting a Divorce - 11/11/22 08:39 AM
The best way for divorcing couples to deal with their marital home is to “buyout” the interest of the other. Other options include selling the home, or continuing to co-own the home. The parent with custody often buys out the other parent to ensure that the children are able to stay in the home. This has obvious advantages: It provides stability and continuity for the children, and you don’t have to sell if conditions are bad.
Each party is responsible for their own risk in any buyout. Both the retaining spouse and the exiting spouse may lose future appreciation. However, the remaining spouse could feel that … (0 comments)

divorce attorney dallas: How Can An Owelty Lien Ease Your Divorce in Texas? - 06/10/22 08:58 AM
How Can An Owelty Lien Ease Your Divorce?By Elisa ReiterIf you start with a definition from the dictionary, you may walk away without realizing what a wonderful device an owelty lien can be. Definition of OWELTY • Law Dictionary • TheLaw.com.
Don’t walk away! Let’s say you and your partner are dissolving your marriage. Let’s extend that hypothetical; one of you wants to stay in your dream house, but the other wants out of the house, and all financial obligations tied to the house. How to accomplish those shared goals? A Special Warranty Deed with Owelty of Partition can help you accomplish your … (1 comments)

divorce attorney dallas: Can You Transfer a Mortgage in a Divorce? - 11/27/18 01:51 PM
With 70% of all divorces in the United States involving real estate, one of the first questions to arise is “Can you transfer a mortgage in a divorce?” The answer is yes and no – depending upon what type of mortgage you have.
There are typically only 3 ways to transfer a mortgage in a divorce: Transfer an assumable mortgage by working with the current lender to approve a qualified individual to take over your current mortgage. Typically, the loan type must be an assumable loan type. Unfortunately, assumable loan types may be challenging to find. Most government loans, FHA and VA are … (3 comments)

divorce attorney dallas: Divorce | Avoiding a Contempt of Court Issue with Divorce and Real Estate - 07/31/18 10:15 AM
Avoiding a Contempt of Court Issue with Divorce and Real Estate. Divorce is a complicated thing, you should work with a team of professionals, not just an attorney.
A Contempt of Court issue when a former spouse fails to execute their obligations in the marital settlement agreement of a divorce with regards to real estate and mortgage financing can be avoided if the right steps are taken in advance. There are many times when mortgage financing is a requirement post-divorce decree whether it involves refinancing the marital home to remove a spouse from the current mortgage, completing an equity buyout, or even … (0 comments)