It's kind of a joke here in Texas - we think we're our own country. Our unique equity lending laws are illustrative. No other state regulates equity lending as does Texas. Seriously, Texans for the most part are great Americans. I've been here almost 18 years now and I'm having a great time. But, there […]
Noel: I was given your contact information from J.M., another attorney in our office. I have a question regarding VA loans and an Owelty Lien. I represent Wife. Wife was awarded approximately $113,000 in cash by May 31, 2017. Husband was to pay this money from a cash out refinance. We are being told by […]
...and that's the short title. Sounds like the title to one of those long, boring articles in an obscure economics journal, eh? But, you divorce lawyers and divorcing clients will likely know exactly what I’m talking about. Here’s real time solutions on a case I received a couple of days ago. The facts Husband in […]
A Family Law Attorney writes: QUESTION Noel, I have a divorce matter where the parties have about $100,000.00 in equity. I need to get a home equity to buy the wife out, or at least have an option to negotiate. Can you help? ANSWER: Don’t Use Equity Financing or “Cash Outs” for a Divorce Buyout […]
QUESTION: One of Texas’s finest attorneys in McKinney called to ask about how one of his clients could sell part of a 100 acre tract of land to his soon-to-be ex-spouse. Client’s wife was to receive 16 acres unencumbered. But, there was a mortgage on the entire 100 acres. How does such a transaction get […]
Refer to the blog immediately before this one. Here it is: Q&A #2A: Does Equity Financing Diminish a Ex's Portion of the So-Called Equity Now, pick up the email conversation. Question Hi Noel Thank you for answering! We live in Indiana. The lender says that the extra 20% stays in the home as you described. […]
This question was asked by a consumer...but, it is very similar to questions asked by family law attorneys all the time. It will address property's accessible equity, divorce and equity buyouts in Texas and other states as well. There are multiple parts to this question and answer...so, there will be parts A, B, etc. Question: […]
This begins a short series (a dozen or so) of questions I have received recently from family law attorneys. I figure the best way to answer questions that you have is to....well, answer actual questions you have asked. Here's an actual but common one: Q: I am in an interesting debate with opposing counsel and […]
They said it couldn't be done - an Owelty after the.... I just closed a loan for a newly divorced customer. The other side did everything they could to keep it from happening. How we handled it makes all the difference in the world. The facts. Divorcing couple. Husband to be awarded the house subject […]
So this attorney calls and asks... No, this is not a joke. It's just one of many calls or emails I receive each month. I've designed my business model so that I can take care of your questions and *conundrums. I can do this because you have been so kind in the past many years […]
