The Impact of Interest Rates on a Divorce Buyout
In 2018, the market saw interest rates rise by 3/4 to 1% on traditional, conventional, fixed-rate mortgages. This doesn’t seem like much at first glance, but this small difference can critically impact a divorcing client’s debt-to-income ratio and, ultimately, determine whether or not they’ll be able to keep their home. Let’s look at the numbers: […]
How to Handle “As-Is” Clauses in Divorce Listing Orders
An “as is” clause stipulating that a property will be sold without repairs can, in some cases, create problems during the sale of a house. Despite the fact that many divorcing homeowners have limited financial resources and want nothing to do with repair bills for a property they won’t live in, it behooves the divorcing […]
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