divorce and the home: The Impact of Credit in Divorce Finance  - 08/25/21 11:01 AM
The Impact of Credit in Divorce Finance
While going through a divorce, a credit score might seem like the smallest concern, but a surprise drop can undermine all progress being made toward the resolution of the real estate side of the case.
Lenders do not give divorcing spouses special treatment, so it’s vital to understand how credit can tank a buy-out or new purchase that is otherwise secure. 
Whether or not a divorcing spouse will be able to qualify for a mortgage and secure housing is tied to their credit score, so they will need to know how to protect it while … (0 comments)

divorce and the home: Divorce And The Wrong Listing Agent - 08/18/21 09:06 AM
Divorce And The Wrong Listing Agent
Divorcing homeowners need to be sure they are hiring the right real estate agent to get their home sold. Hiring the wrong agent could cost time and money, neither of which they want to lose. 
So what do you do if you hired the wrong agent? Before you can hire a new listing agent there are steps you need to take. 
1- Read the listing agreement you signed.  Is there a fee for canceling? Depending how long the agent has had the listing and what has been done marketing wise, the fee may be negotiable. 
2- Send the agent … (1 comments)

divorce and the home: Divorce and "As-is” in Court Orders Are a Challenge - 07/19/21 06:53 AM
Divorce and As-is” in Court Orders Are a Challenge
By Laurel Stark
Getting your client to agree to anything can feel like it requires an act of Congress.
 
When your client vehemently refuses to lift a finger or spend a dime on the house in order to sell it, you may be inclined to tell them they won’t have to, as long as they just agree to sell it. 
 
This happens by adding a clause in the court order that reads “the property is to be sold as is”.
 
That makes complete sense - from the divorce process’s point of view. From the real estate side, … (1 comments)

divorce and the home: Divorce Listings and Investors-Beware! - 06/30/21 12:16 PM
Divorce Listings And Investors - Beware!
By Laurel Stark, CEO & Founder, The Ilumni Institute
Divorcing spouses with a house to sell need to ensure they do not fall prey to unscrupulous activities that could cost them tens of thousands of dollars- sometimes more. There is a lot that goes on behind the real estate scenes with investors (especially in this hot market). 
We all know that the goal of the investor is to profit, and in real estate that means "buying low and selling high." In the current market where we are seeing many offer for just one property, it is hard for … (1 comments)

divorce and the home: What is a CDRE? - 05/13/21 12:12 PM

A Certified Divorce Real Estate Expert (CDRE™) is a REALTOR who has passed The Ilumni Institute’s rigorous certification program. This program is application-only, and is taught by a faculty of family law attorneys, mediators, certified mortgage professionals, and real estate experts, with judicial officers as guest speakers.
REQUIREMENTS Licensed Realtor for 3+ Years | Minimum 45 Closings |License in Good Standing | No Disciplinary Actions
APPLICATION Resume | Written Essay | Two Letters of Recommendation |Proof of Production | Screening Interview | Attorney Interview
LIVE 4O-HOUR COURSE Anatomy of Divorce | The Landscape of Divorce Finance | Divorce Court 101 |The Ethics of CDREs … (0 comments)