The truth? In many divorce cases, you can assume the loan — even if it’s a Fannie Mae or Freddie Mac loan. It’s called a release of liability, and it works differently from the “assumption” most people think of when buying or selling a home.
Navigating divorce can be overwhelming, especially with asset division. Knowing the difference between marital and separate property is essential for your financial future. Marital property includes assets acquired during marriage, while separate property stays with the original owner. Our guide simplifies key concepts to help you protect your rights and make informed decisions.
Navigating divorce can be overwhelming, especially with asset division. Knowing the difference between marital and separate property is essential for your financial future. Marital property includes assets acquired during marriage, while separate property stays with the original owner. Our guide simplifies key concepts to help you protect your rights and make informed decisions.
Navigating divorce can be overwhelming, but understanding its phases and legal implications can empower you. Each stage presents unique considerations, from contemplating divorce to post-divorce adjustments. Your state’s view on marital property can significantly impact your financial future, making it crucial to know your rights. Explore our resources to equip yourself with the knowledge for informed decisions.
Navigating divorce can be overwhelming, but understanding the phases and protecting your property rights is crucial. Each stage presents challenges, and prenuptial and postnuptial agreements can safeguard your assets. Documentation is key to clarify ownership and streamline the process. Whether you’re just starting or in the thick of it, our guide offers valuable insights to help you make informed decisions. Explore more!
Navigating divorce can be daunting, especially regarding property. Misconceptions can lead to costly mistakes, like assuming all joint account funds are shared. Our guide clarifies these myths and offers tips for managing assets and debts. With Onward’s support, you can tackle financial disclosures and protect your rights during this tough time.
One of the questions we’re asked most often is: Should I move out of my home or stay put? Deciding to move during the divorce process typically depends on several legal, financial, and emotional factors. Here are some key considerations (please note: this is NOT legal advice) to keep in mind before making any quick decisions.
A Special Warranty Deed is a legal document used in real estate transactions to transfer property ownership with limited guarantees about the title. It ensures that the seller (grantor) only guarantees that there were no title issues during their period of ownership, but does not cover any claims or defects that may have existed before they acquired the property.
Leaving the marital home during a divorce does not automatically mean you lose your rights to the property or the custody of your children, but it can impact your case in several important ways. It’s essential to weigh the pros and cons and take steps to protect your interests. Here’s what to know before making the decision:
One of the most common questions the Onward experts get asked is: How should I be spending, or should I be spending at all? Making a large purchase during the divorce process, even if your spouse agrees, can be complicated and might raise concerns depending on your situation and jurisdiction. Here are key factors to consider:
What are the key differences? Both Quitclaim Deeds and Special Warranty Deeds are used to transfer property ownership, but they offer various levels of protection, guarantees, and usage scenarios. Here’s the 411 so you can be well informed on which may serve you best.
Disclaimer: Information found on Onward.Life, and in this article is for informational purposes only and should not be considered legal, financial, or tax advice. For guidance on your specific situation, please consult with a qualified attorney, financial advisor, or tax professional.