refinance due to divorce | Houstondeco – Does a Divorce Settlement Require a Refinance on an Upside. – Refinancing Due to Divorce. Lenders have their own rules when it comes to refinancing, and many lenders base their decisions on factors like the equity in the home and spouse’s income and credit history.
But divorce happens. So what does it mean when you want to buy a house while you are divorcing or after the divorce? "It’s not a simple mortgage transaction if you are going through a divorce," says Jody Bruns, founder and president of the divorce lending association headquartered in Herscher, Ill.
FHA Loan Questions: Divorce, Refinancing – fhanewsblog.com – FHA Loan Questions: Divorce, Refinancing. A reader asks, "My husband is a co-borrower on a 2nd mortgage or loan with his ex-wife. In the divorce decree it stated that she was to have the loan refinanced so his name would no longer be on the loan.
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Refinance To Due Divorce – Museic – Does refinancing due to divorce affect the adjusted basis of. – "Does refinancing due to divorce affect the adjusted basis of a home if done years before converting to rental?" A former personal resident is the lesser of adjusted cost basis or FMV. on conversion to a rental property. Loan Modification vs. Refinancing.
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Divorce Laws on Refinancing | LegalZoom Legal Info – Refinancing. Refinancing is often the best option for spouses when one spouse intends to take over the house and the mortgage following a divorce. Generally, the spouse who gives up the home completes a quitclaim deed giving up any rights he has to the home, while the other spouse refinances the mortgage in her name only.
Keep the House and Refinance the Mortgage | DivorceNet – If either spouse wants to keep the family home after a divorce, refinancing is often necessary in order to "buy-out" the other spouse’s interest in the property. If you’re going through a divorce and want to keep the family home, you will likely have to buy-out your spouse by paying an amount equal to his or her interest in the home.
Divorce and Refinance Considerations – womansdivorce.com – Cathy’s Question: My divorce decree stated that I must refinance the mortgage on the family home to remove my ex-husband’s name by a certain date. I cannot refinance that quickly due to an upside-down equity situation, but my lender said that I should sell the house to my fianc instead.