Financial Advice On Divorce: Reimbursement For Paying Mortgage

Question: I need financial advice on divorce regarding my rights to the marital home. The home we live in is in my wife’s name, but I have made all of the mortgage payments since we were married. In our divorce, would I have any right to the property’s value or …

Financial Advice On Divorce: Trading Home Equity For 401K

Question: I am looking for financial advice on divorce in regards to a proposed property settlement from my wife. She intends to keep the marital home. In exchange, she wants to trade home equity for my 401k on a dollar-for-dollar basis. Since one is post-tax and the other is pre-tax, …

Separation Tips On Restraining Orders To Protect Property

Question: I need some marriage separation advice on how to protect my personal property during a divorce. After I asked my wife for a separation, she served me with a restraining order prohibiting me from entering the marital home. Later at court, I was granted access to the home in …

Can I Legally Force Ex’s Boyfriend Out Of The Marital Home?

Question: My wife’s boyfriend has moved into the marital home with our children while we are still married. Is there anything I can do legally to force this man to leave the house? Also, do I have a right to go into our home while he is living there?

Money Made Easy: Upside Down Home Value

Financial adviser Dan Danford answers an unfortunately common personal finance question given the state of today’s economy: “I imagine I’m like a lot of people in today’s economy with my marital home being upside down in value. Is there a way to refinance my house even though the value is …

Will the court consider her voluntary underemployment in dividing property?

Question: My state is an “equitable distribution” state with regard to division of assets and debts. So how does equitable distribution work? In my example, I make significantly more than my wife because she has chosen to work a low-paying, part-time job after quitting a full-time job that paid much …

Common Questions about Mortgages and Divorce

By Marty Woodrome Mortgage Loan Originator In my work as a mortgage loan originator, I am often called upon to provide financing to clients who are obtaining a mortgage as a means of bringing their divorce proceedings to settlement. As you are fully aware, if a couple has been together …

Property Division in an Equitable Distribution State

By Matt Allen Editor, DadsDivorce.com Distribution of property in a divorce is handled differently depending on the state you live in. In a previous article, we looked at how community property states divide property. Now let’s examine how the majority of states handle property: equitably. (Find out if your state …

Selling the marital home with no equity left

Question: I refinanced the marital home five years ago to pay off my wife in our divorce. There was a balance left, and we agreed to wait five years and either refinance or sell the home to pay the balance. The value of the house dropped substantially, and there is …

Property Division in a Community Property State

By Jennifer Hankinson Divorce Attorney, Cordell & Cordell There are two ways to classify property acquired during a marriage: community property or equitable distribution. In a community property state all property acquired during the marriage is divided equally (50/50). In an equitable distribution state, all property acquired during the marriage …