Forbearance and Payment Deferment in The Panic of 2020 We just love it when our lender or bank says – “Because of your good pay history, you can skip next month’s payment.” Most people understand that it’s not free money, that the “missed payment” will simply be tacked on to the “back end” of the […]

Here’s the video to accompany this article > HERE Preface: I am speaking of Child Support and Spousal Support income in a divorce settlement. Spousal Support maybe called alimony, spousal maintenance, contractual alimony…any number of different terms as determined by state laws or common practice. In mortgage qualifying, it’s pretty much all the same.There are, […]

I will deal more with Debt more in the 3rd Quadrant (Buyouts) I will deal more with income in the 2nd Quadrant (Support) But, this is YUGE. It’s actually a matter of federal law with a few “safe harbor” exceptions. If you don’t get this right – even by accident – there is no forgiveness, […]

Introduction: The Most Basic Question for Divorce-Related Mortgage Financing…And I Almost Missed It This is the start of a America’s very best newsletter-blog for everything to do with Divorce and Mortgage Financing. We offer the divorcing community across America a clear, comprehensive, authoritative answer to every conceivable question that divorcing folks (and family law professionals […]

4 Make or Break Mortgage Qualifying Issues in a Divorce Settlement  4 Factors in Your Divorce Decrees That Make or Break Your Clients Ability to Get Mortgage Financing < Click on headline to watch this 98 second video I don’t expect a lawyer to have to think about these things. That’s why you have me. […]

Here is the video to go along with this blog:   I hear it every other phone call. "My attorney says you can work miracles, so here goes." Do you realize how scary and humbling that is. Talk about pressure. Ha. Here are 3 Math Tricks I use to make sure divorcing home owners/buyers get […]

SUGGESTED DECREE LANGUAGE FOR REQUIRING REFINANCES AFTER FINAL DIVORCE Many attorneys yield that a court cannot order a lender to advance funds so therefore, it is not possible to truly require a party in a divorce to refinance the mortgage note (in order to remove the ex from its liability and, possibly, to include a buyout […]

Great Question from one of Texas's finest family law attorneys. Hello Noel, I am working on a proposed Agreed Final Decree and am hoping you can help me with some language. The goal is for Husband to remain in the home and refinance the home to remove Wife's name from mortgage. Wife also needs to receive […]

RE: Previous Divorce Decree---The attorney definitely needs to go to one of your CLE's! Got this email from one of my favorite family law attorneys – the awesome Bodie Freeman in Keller, TX. Subject line read: RE: Previous Divorce Decree---The attorney definitely needs to go to one of your CLE's! Noel, Below please find a […]

For the most part, I am in the position of qualifying divorcing homeowners for mortgage financing. I work with the party who must refinance and remove the spouse from the loan liability as well as include a buyout to spouse – that famous Owelty lien. But, what does that transaction look like from the other […]