INTRODUCTION: Stupid Judges Hurt You More Than Malicious Ones Do: The Laws of Human Stupidity In this series “10 STUPID THINGS JUDGES DO: The Idiocies of Jesse Nevarez, et al” I am exposing bad behavior in judges. Specifically, stupid behavior from judges. I use the words “stupid” and “stupidity” in their technical or clinical sense. […]

Summary Reverse mortgages can be used in divorce buy-outs. But, full payment to beneficiary could be delayed a full year or more if the lender doesn’t know this secret I am sharing here. Even if an attorney does not deal with “grey divorces,” this short tutorial in divorce buy-outs with reverse mortgages will serve as […]

In the previous blog, I discussed why every word in a borrower’s decree is read, reviewed and underwritten. Here’s the link: https://themortgageinstitute.com/2022/09/why-it-is-important-for-me-to-preview-drafts-of-the-divorce-decree-part-1/ The assignment of debt was the key illustration and element in the first reason why I PRE-underwrite (review prior to finalization of divorce) drafts of divorce decrees. Too much debt assignment can disqualify […]

I’m giving away almost all the ingredients to my Divorce-Lending “secret sauce.” This is a recipe I’ve refined over the past 20 years and it’s pure magic. It’s been the difference between mom having to sell the house and move into an apartment or keeping the little crumb-crunchers in their same bedrooms, same school, same […]

I surely hope to soon finish my book, The Texas Cash Out vs. The PROPER DANG WAY TO DO A DIVORCE BUY-OUT. Meanwhile, I’ll just keep writing out my experiences helping divorcing folks and Divorce Lawyers get their deals taken care of. Note: This email correspondence below is dated October 7, 2021, nearly 4 years […]

Here is the last part of this second question in my series. Just go back to the most recent posts to get the flow of thought. I pick up with the exchange between RB and me. Question (from RB) Thank you so much for sharing your expert knowledge! I've already taken over ownership, I've refinanced, […]

Do Not Let This Happen in Your Divorce Settlements: House Awarded With No Provision for Refinancing Every attorney with whom I frequently work knows that there is rarely if ever any excuse to leave a joint debt UN-REFINANCED. Especially if that debt is the home mortgage. When one party is awarded the house but the […]

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, […]