We help protect your clients right to home ownership after their divorce!
Many times a couple's biggest asset prior to divorce is their house. Although the home generally accounts for 60% of a family's net worth, there is nearly no state-prescribed guidance for divorce real estate. If proper due diligence in gathering the house documents isn't done during the discovery process, decisions could be made which could affect either of the spouses credit in a negative manner for years to come after the divorce.
These are some of the property settlement mistakes which are often preventable DURING divorce but are not fixable AFTER. Mistakes that ruin finances, families and futures ... for years.
- Because her EX kept the house, one woman was dragged into bankruptcy after his mortgage refinance application was denied post-divorce and their joint mortgage then foreclosed!
- One man discovered his EX's $216,700 pre-marital debt became HIS debt post-divorce as a lien recorded during the marriage against title to the house he kept!
- A divorcee learned paying off home equity debt didn't cancel the account. Her EX "maxed" it out with $25,000 debt secured by the house she kept!
- Because she kept the house, one woman had to pay $12,000 of her EX's attorney's fees - even with a property settlement hold harmless provision!
The Solution
To prevent major real estate mistakes, the solution is simply MORE/EARLIER: MORE real estate due diligence (information/investigation) done EARLIER in your divorce process.
In addition to emotional, legal and financial teams, now divorcing couples have the benefit of an Orlando Divorce-Trained Real Estate Team working collaboratively to help families get the information they need much earlier in the divorce process to help them make an informed decision on their house.
As one of your Orlando RCS-D REALTORS (Real Estate Collaborative Specialist-Divorce), our team can gather and help provide many of these documents to your clients at no charge.
To discuss how we can help you protect one of your client's most valuable financial assets during the stressful time of divorce, enter your information below and we will give you a call to set up a time to meet how we can help you and your clients. Whether your client's divorce is completed, just beginning or somewhere in between, we can help them determine their best options now for a stronger financial future!
If you practice collaborative law, we have also been Collaboratively Trained since 2019 and can be used as an Allied Resource during the collaborative process!