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“Divorce Doesn’t Mean the Problems are Over”

By
Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

“Divorce Doesn’t Mean the Problems are Over”

 

 

Our heart strings can easily get pulled in situations like the email below. Even though this person was not on the mortgage, she was on title and there is a foreclosure going on which precludes her from getting a mortgage at this time. Is this fair? Hell no!

 

This is an explanation about issues concerning my credit. I am writing this because when I was researching lenders for a mortgage, I discovered you on the internet search I conducted.

 

I have been divorced for a little over a year after being married for thirty years. My ex-husband destroyed our finances by constantly taking money out of the house. I did not want to participate in this, but remained on the title. I was not on the mortgage.

 

Since then, I have rebuilt my finances and recovered from this financial debacle by working hard to do so and have virtually no debt. I have been steadily employed as a teacher. After careful consideration, and calculating the numbers, it is apparent to me that owning a home is much more cost effective than renting.

 

Thank you for your consideration.

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

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Comments(24)

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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I am glad that she found you! if there is a way - I know you will fix it for her

Dec 15, 2015 08:01 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Joe - it is sad for this teacher.  There are so many things that need to be considered in a divorce.  I hope she can get things cleared up.

Dec 15, 2015 08:21 PM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Red Hook, NY
Mid Hudson Valley real estate connection

Joe, even when there is a divorce the debt incurred during the marriage can continue to be a headache long after.

Dec 15, 2015 08:36 PM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning Joe. Divorce is a choice that leads to more problems. Sad but true! Hopefully, you will find a solutio for her. Enjoy your day!

Dec 15, 2015 08:59 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

Joe... I'm counting on you to help this lady out... (a) she's a teacher and (b) her heart is in the right place and (c) she deserves it after what she's been through.

Dec 15, 2015 09:10 PM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Joe, this is indeed a sad story. Divorces causes many emotional as well as financial hardships. This is so unfair for the lady.

Dec 15, 2015 09:45 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Joe,

What a nice illustration of the prolonged effects of divorce.  A

Dec 15, 2015 10:26 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Joe, have seen this type of situation many times over the years, and just plain sad.

Dec 15, 2015 11:01 PM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Joe. How incredibly hard. You are right about this. I hope you can help her.

Dec 15, 2015 11:07 PM
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

Unfortunately I have a very dear friend of mine going through this tough situation herself. 

Dec 15, 2015 11:58 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

We have experienced this type of scenario through the years. She found the right person to help her in this situation...

Dec 16, 2015 01:16 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

I too have experienced the divorce situation with real estate many times and it is something that is part of our work. It is very sad sometimes.

Dec 16, 2015 03:25 AM
Anna "Banana" Kruchten
Retired Broker/Owner - Phoenix, AZ
602-380-4886

Joe I hope you can find a way to help her at some point. So hard for people stuck in these not so good situations unknowingly.

Dec 16, 2015 04:52 AM
George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Joe, not a good situation to be in.  The problems created by divorce seem to be never ending.

Dec 16, 2015 05:10 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Joe -- decisions made can have some very long term consequences.    

Dec 16, 2015 05:54 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Joe, I just don't understand why continue to hurt each other regardless of the relationship status but we know it happens more than not. If anyone could help this lady, you can!

Dec 16, 2015 07:15 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Joe

Thanks for sharing the story . . . . And yes is more cost effective to own a home then rent.

Good luck and success.

Lou Ludwig

Dec 16, 2015 11:09 AM
Ed Silva, 203-206-0754
203-206-0754 - Waterbury, CT
Retired Real Estate Broker

What starts out with good intentions to be fair when the mortgage is obtained does have times when the repercussions are felt for a long time, This was one of those times

Dec 16, 2015 12:29 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

We have a number of lenders with different programs to help the boomerang buyers who got caught in the credit crossfire ...those closings are the most satisfying for us.

Dec 16, 2015 06:56 PM
DEANNA C. SMITH CERTIFIED MOBILE NOTARY
Certified Mobile Notary Signing Agent - Smith Mountain Lake, VA
Highest Ranked Certified Mobile Notary in Virginia

Say it ain't so Joe Petrowsky .   Divorce can cause issues far beyond the marriage.

Dec 19, 2015 09:57 PM