Once you and your spouse decide to split, you’ll have many issues to work out: not the least of which is deciding what to do with the family home. If you have children together, one of you could make a strong argument for staying on and raising the kids in what is possibly the only home they’ve ever known. As long as you both agree to the arrangement, the process should be as simple as informing each attorney that one spouse plans to stay in the home, right? … More Keeping The House After A Divorce: How The 6/36 Rule Affects Your Ability To Qualify
As a successful Bay Area divorce attorney, you’d never violate the State Bar’s Rules of Professional Conduct by trying to represent both spouses during a divorce case. It’s a decision you simply wouldn’t make. Real estate agents, however, abide by a slightly different set of rules. … More Advocating For Your Divorcing Client: Can The CDRE Represent Opposing Counsel’s Client Too?
While almost 10% of Bay Area couples are divorcing, attorneys need a partner who can maneuver neutrally through problems like sabotage of sale, asset waste, clouds on title, and restraining orders. … More Why Do Attorneys Need a Certified Divorce Real Estate Expert? [Infographic]
Property values can vary widely, especially in the Bay Area. To appraise your divorcing client’s home accurately, it’s helpful to know the difference between an appraisal, a CMA, and Zillow’s Zestimate value tool.
Clients often ask for a Fair Market Valuation to establish their property’s value and calculate the equity they’ve built in their homes. They don’t seem to realize that fair market value is only part of the picture. Without considering several additional key metrics, a miscalculation of true equity is almost guaranteed.
Your client’s final divorce decree does not completely close the books on the disposition of his or her real property. To finalize the sale or transfer of property, you must follow through with an official recording of legal ownership by filing a Quitclaim Deed. Neglecting this final step can cause significant problems for your client … More Don’t Forget the Quitclaim
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.
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.
Shannon Rose, Bay Area Certified Divorce Real Estate Expert, advises divorce attorneys and court officials on real estate matters in Santa Clara, Alameda, San Mateo, Santa Cruz, and Contra Costa Counties. … More Introducing Certified Divorce Real Estate Expert Services in the Bay Area