divorce and real estate in wisconsin: Conference Call and Divorce...Not in the Same Transaction
- 02/12/19 07:35 PM
. A number of times recently, we have heard about Realtors who were having a conference call with divorcing/divorced clients to discuss on offer or some aspect in a transaction. Agents take listings...and we realize to many agents....working with a divorcing couple does not sound like it requires any special training, skills or communication techniques. Our training and decade of working in this niche differs with with that point of view. IF a couple cannot agree on enough things to make a marital relationship work...from who manages the money to child care and a host of other things that ultimately often … (22 comments)
divorce and real estate in wisconsin: Tis the Season....For Divorce
- 12/21/18 03:47 AM
It is the time of year when our "divorce niche" phone rings most now thru January. If people are in a relationship that is not "working" the "supposed to be happy" holidays bring out the height of emotions. One more dinner with the inlaws... Putting on brave faces for relatives and children when things are less than perfect....and it becomes more emotionally than is tolerable. Most are "first time divorces"...though we have had as many as four...and the "petitioning party" doesn't know what to expect. In southeastern Wisconsin it can take a year and a half to two to … (24 comments)
divorce and real estate in wisconsin: The Dance of Divorce....and Real Estate..Best with Lessons !
- 06/26/18 01:47 AM
. We were referred to a soon to be divorced couple as listing agents. One of the "extra" benefits you get as an agent in divorce is one transaction can mean two or three...as each former spouse makes a purchase or you refer them to another agent out of the area...such great Sellabrations ! Then assumptions by some divorcing couples...is that everything is divided 50/50...the expenses in getting the house ready as well as the profit from the sale in a state where the house is considered community property and that scenario fits the situation. Not true...in divorce like … (28 comments)
divorce and real estate in wisconsin: Will New Tax Laws Change the Rate of Divorce....We Vote No
- 05/17/18 04:47 AM
The buzz in divorce these days is about the change in the tax law...Yes this will....at least for now...have some impact on the finances of people who divorce. John Wiley...an AR Member from Florida wrote a post explaining the new law and that he believes that this may have an impact on the rate of divorce. Read his post by clicking here. As many of you, we have had a niche in divorce in real estate for the past decade with hundreds of divorce related transactions closed. We also teach a one on one course to Real Estate agents across … (18 comments)
divorce and real estate in wisconsin: Loan Application Says: "Is there Pending Litigation ?" Divorce IS !
- 07/07/17 09:22 AM
Loan applications are nosey by nature....the Lender owns more of the house than the Buyers most of the time....and the decline of the market has made those Lending folks....a tad more cautious about how much they lend and to whom. The ability to fog a mirror and be approved for a loan days are gone. There were some "in house" mortgages who bragged that no appraisal was required before the decline of the market...uh oh....Not always an appraisal fan...but none..hmmmmm. As Realtors with a very concentrated niche in divorce, we are keenly aware of the requirements when one spouse … (19 comments)
divorce and real estate in wisconsin: Money Whispers...Talks and Can Shout....Divorce !!
- 06/02/16 09:49 PM
As Real Estate Specialists in Divorce...we become more involved in people's lives than Realtors do in a "regular\traditional" transaction. There is a concentrated effort throughout the process to make everyone as comfortable as possible during a very, very difficult time. Sometimes to add to the already fragile emotions...there may be the reality of a short sale which is difficult for people under any circumstances. One of the leading causes of divorce is money...it does not have to be the lack of money...rather it is the control of it...or the lack of sharing of control/management of money that digs into the fibers of … (16 comments)
divorce and real estate in wisconsin: A Divorcing Sale....Division is not always Equal...
- 05/02/16 08:58 PM
Wisconsin is a community property state. There are nine community property states, the eight others are: Arizozna, California, Idaho, Louisiana, Nevada, New Mexico , Texas and Washington. Community property means that all marital property is owned equally...there are exceptions to that...and definitions of how and what is/is not marital property. Generally speaking, a house is purchased during the term of the marriage and falls into the "community property" 50/50 equal division category. You might think, if you had not been involved in divorce and real estate, that this makes things easily divided...proceeds or expenses are divided in half. … (9 comments)
divorce and real estate in wisconsin: "I get half the proceeds don't I ?" asked the divorcing Seller
- 07/02/15 06:48 PM
Wisconsin is a marital or what is sometimes called a community property state. Nationally, there are only nine states with this status including :: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas and Washington and Alaska is an "opt-in community property state" where both parties have the option to make their property community property. This means that property and other assets acquired during the marriage with the exception of inheritances and gifts not co-mingled is the property of both spouses. If one spouse inherits money and chooses to buy a sports car titled only in … (21 comments)
divorce and real estate in wisconsin: Sole & Separate..The "Start Over" in Divorce Transactions
- 08/14/14 07:58 PM
As markets have recovered across the country....and as "gray divorce" (marriages with older couples) has become more common, more divorcing couples have equity in the homes that they sell. Sometimes it is agreed before the divorce is final that the house will be sold and profit divided, sometimes equally and sometimes other arrangements are made including holding the profit in one of the lawyer's trust accounts. We discussed that in an earlier blog. Divorce can take a long time tied up with busy court calendars and/or combined with the lack of agreement on all the details that divide the … (23 comments)
. A number of times recently, we have heard about Realtors who were having a conference call with divorcing/divorced clients to discuss on offer or some aspect in a transaction. Agents take listings...and we realize to many agents....working with a divorcing couple does not sound like it requires any special training, skills or communication techniques. Our training and decade of working in this niche differs with with that point of view.
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