divorce in texas: 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 in texas: Questions to ask before you hire a family lawyer or divorce attorney. - 04/20/22 11:22 AM
You need the right legal representation to help you resolve a family matter or planning for a divorce. You also want to make sure that the family lawyer or divorce attorney you choose has the experience and knowledge necessary to handle cases similar to yours. It is important that you take the time to meet with potential divorce attorneys, regardless of how overwhelmed you may feel about the case you are trying to resolve.
Questions to ask before you hire a family lawyer or divorce attorney.Did you handle other cases similar to mine?Do not accept a generic answer. Ask them to give you specific details … (1 comments)

divorce in texas: How to divide home equity in a divorce or inheritance | Owelty Lien - 11/02/18 10:52 AM
Splitting equity in a home after divorce or inheritance can be complicated in Texas without a knowledgeable team to support you or using a Texas Owelty lien.  If you’re going through a Texas divorce or recently inherited  Texas real estate, you’re likely dealing with a lot of emotions, often times both positive and negative. The financial aspects of these situations can be difficult or challenging in Texas due to our strong homestead laws. That’s where we can help. At Service First Mortgage, we can help you with the Texas mortgage and Texas real estate issues you’ll encounter, specifically how to distribute home equity in a fair … (0 comments)

divorce in texas: What you should know about getting a divorce in Texas - 08/27/18 03:17 PM
How to plan for a divorce.  What you should know about getting a divorce in Texas.  Equity division in Texas is different than other states. It may require the use of an Owelty Lien to secure the best terms for the spouse remaining in the property or even to access enough of the equity.  Many times during a divorce settlement the main goal is to help the divorcing couple get out of their current situations and we forget to
realize how the divorce settlement will affect their ability to secure financing in the future. In order for the divorcing clients to be successful post … (1 comments)

divorce in texas: 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)