What are the most important questions to ask a divorce attorney?
What are the most important questions to ask a divorce attorney?
Ten Questions to Ask a Divorce Attorney
- Do you specialize in divorces, or are divorces just a part of your practice?
- What is your strategy for my case?
- How long do you take to return phone calls?
- Will anyone else in your office be working on my case?
- How will you charge me?
Does my husband have to pay half the mortgage if he leaves?
Does My Ex-Partner Still Have to Pay the Mortgage? You’re equally liable for the mortgage, even if the loan is based on one party’s income or one of you moves out. Your lender can pursue both of you either jointly or individually for the payment – plus any costs, legal fees or loss made upon any possible repossession.
Can you remove someone’s name from a mortgage without refinancing?
You can remove a name from your mortgage without refinancing by informing your lender that you are taking over the mortgage, and you want a loan assumption. Under a loan assumption, you take full responsibility for the mortgage and remove the other person from the note.
How can I get my ex off my mortgage without refinancing?
You usually do this by filing a quitclaim deed, in which your ex-spouse gives up all rights to the property. Your ex should sign the quitclaim deed in front of a notary. One this document is notarized, you file it with the county. This publicly removes the former partner’s name from the property deed and the mortgage.
Can I sue my ex wife for not paying the mortgage?
If the decree states that she is responsible for the mortgage, then your recourse is to bring a contempt action against her and have the judge order payment. If she cannot afford to make the payments, then you should request that the judge order the sale of the marital home.
What happens if I can’t refinance after divorce?
If you’re not willing or able to sell or refinance your home, your other choice is to keep the home and the mortgage intact. Both parties remain on the loan and liable for the payment. This requires specific language in the divorce agreement about who will make the mortgage payments each month.
Should I refinance before or after divorce?
The benefit to refinancing before the divorce is finalized is that you both have skin in the game and it benefits both of you to settle the issue. After the divorce (especially in a nasty one) trying to get some cooperation from your ex on these issues can be harder to do.
Can you force someone to refinance?
Brette’s Answer: It is difficult to force someone to refinance because it’s up to the bank whether he qualifies for a loan. What indemnification means is that if he fails to pay and the bank comes after you, you can in turn sue him for the costs you face. It’s not a perfect situation.
What credit score do you need to assume a mortgage?
580 to 620
How can I raise my credit score 100 points?
How to Improve Your Credit Score
- Pay all bills on time.
- Get caught up on past-due payments, including charge-offs and collection accounts.
- Pay down credit card balances and keep them low relative to their credit limits.
- Apply for credit only when necessary.
- Avoid closing older, unused credit cards.
Do I need a down payment to assume a mortgage?
An assumable mortgage allows a home buyer to not only move into the seller’s former house but to step into the seller’s loan, too. For a buyer, assuming a mortgage can save thousands of dollars in interest payments and closing costs — but it could require making a big down payment.
Can my wife assume my mortgage?
A spouse can easily determine whether their loan is assumable by looking at their original promissory note. Under no uncertain terms should you apply to assume your mortgage unless you have confirmed that your current lender allows for it.
