California Divorce & Real Estate
When faced with a divorce, many people try their best to make the smartest decision for them and their families in regards to real estate. At California Real Estate and Divorce, our professionals are here to educate you, and to personalize the best solution for you in a difficult and challenging time. Nothing is more important to us than giving you the information that you need to make an informed decision. Divorce is a difficult family matter, and if you are adding in the stress of buying, selling or transferring real estate to your spouse, you can count on our unyielding support and experience to be there.
Mortgage Financing
…can be a challenge while in the middle of a divorce. Having a foreseeable outcome for all parties involved, for the sake of the financial security and stability, is essential before any divorce finalization.
Gray Divorce
In the late 1980s, California voters approved two propositions that give homeowners 55 and older a property tax break when they sell their primary residence and buy a replacement one that costs the same or less. It was intended to help empty nesters downsize without facing a property tax increase. Propositions 60 and 90 permit people over age 55 to… Keep reading
Want Cash Out?
There are many cases in a divorce situation where most your assets are tied up in real estate. There may be other assets, but those are usually negated by liabilities. To ensure there is a complete separation of the couple’s financials, the house needs to be addressed up front. To make a clean break from the marriage, you can either… keep reading
Your Credit
As soon as you know that you are possibly getting a divorce, you should pull your individual credit report. “Check your credit a few months after the divorce to be sure it is accurate,” Teresa Mattos, a California Bar certified family practice attorney in Irvine, CA recommends. Too see where your credit currently stands, you can view your free credit report summary at… keep reading
5 Hidden Costs
In all the years I’ve been working with divorcing people, I have never met a single person who wasn’t concerned about money. One of the first questions most people ask once they realize they’re headed for divorce is: “OMG! How much is this going to cost?!” That’s not surprising… Keep reading
Who Owns What?
In California, it should be simple to determine whether an asset is community property, but in some cases, it’s not. If your husband buys a house during the marriage, half of it usually belongs to you. If he bought it before the marriage, however, whether you have an ownership interest depends on many factors… keep reading
Liability
Many people give up ownership of a property in a divorce settlement but neglect to ensure that the mortgage is paid off to remove you from liability. Having the mortgage showing on your credit report can make it difficult to buy another house, and if the person who has ownership doesn’t make the payments as agreed…
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Litigation
When most people think of divorce, they think of the courtroom and the high expenses that will occur with all the legal fees. While that does happen some of the times, especially with high profile clients, people with a lot of assets, and those that will go to any expense to damage their ex. There are other options… KEEP READING
Buying Seperately
When you are separated from your spouse, legally or not, you are still technically married. This matters in California since it is a community property state. Legal separation generally occurs after the divorce papers are filed, but before the divorce is finalized. It’s possible to obtain a mortgage when you are separated if … KEEP READING
Affordability
Divorce attorneys are best suited for structuring Child and Spousal support correctly, usually the last thing on their mind is to make it possible for you to buy a house. Lenders use qualifying income, which is often, vastly different from your taxable income. To maximize your qualifying income, you should… KEEP READING
SUPPORT GROUPS
We understand the emotional side of divorce, so we provide you with potential resources to walk you through the challenges of divorce with others sharing similar experiences… KEEP READING
California Divorce and Real Estate 