Real estate blog entries tagged with buyout by Rob Spinosa, Mortgage Loan Originator, Marin County (US Bank)

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buyout: Divorce Buyout Refinancing Explained - 02/17/22 07:38 AM

Divorce Buyout Refinancing Explained

It's a sobering fact that nearly 50% of married couples will decide to go their separate ways each year. But what happens when there's jointly owned real estate involved? And what if that home has a mortgage on it as well? What's the process for one spouse "buying out" the other and how can any couple best plan for this division?

Obviously, a marital separation is stressful enough. The short video below aims to make it a little less so, at least when it comes to understanding the home loan options. Oh, and we rock some Frontiers-era Journey while … (9 comments)

buyout: Divorce Buyout Mortgages - 04/25/21 08:47 AM

Divorce Buyout Mortgages

I don't think it would have surprised many married couples to learn, as they worked from home in a room that may have doubled and tripled as a dining room, nursery and rec center, that divorce filings were up 34% over the first half of 2020 and as pandemic despondency set in and influenced nearly every aspect of work, home and social life.

I would be the last one to make light of the stresses that COVID imposed on marriages and households, but instead I did see this unique time as equally opportune for shining a bright light on how … (8 comments)

buyout: Breaking Up (Is Subject to Guidelines and Restrictions) - 01/28/17 05:22 PM

Breaking Up (Is Subject to Guidelines and Restrictions)

When we look at our refinance business, not a small percentage of it is driven by the scenarios where one spouse buys out the equity of the other, as stipulated in a divorce decree. Sometimes when we are presented with a divorce buyout refinance we have to educate all the parties to the transaction on how to navigate the lending guidelines that govern these situations and, as you might expect, divorce buyouts are often done in a stressful environment. So for those who may be looking to get an overview and understanding of the process, … (25 comments)

buyout: Cash Out Refinances - 08/08/11 08:22 AM

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