How To Implement the Refinance In Writing the Divorce Decree
For a number of years now, I have played a very key roll in devising the best and most reliable plan to split the equity in a home during a divorce. This post is being written with the divorce attorney in mind as the target audience/reader. I am not going to spend any time in this post talking about what loan is the best loan to use during an owelty refinance or what is sometimes mentioned the divorce refinance. If you haven’t read my posts about NOT using the Texas Cashout a(6) to pay off a spouse during a divorce, go read that and come back to this post after your done…be sure to read the frequently asked questions at the bottom of that post.
Attorneys, here is how you use your mortgage guy to execute a perfectly smooth divorce involving the split of equity. If you follow this plan, it will provide less headache for you and your client, and it will elevate the level of your service.
As you get to the point in your process where you are trying to figure the best way to request cash for the equity that is rightly owed to your client or your client’s spouse, and you find that the spouse keeping the home either does not want to pay that equity in cash or they do not have the cash, this is when you turn your attention to me. You would ask your client to call your preferred owelty refinance specialist and get pre-approved for the refinance. Once that client has connect with me and I’ve pre-approved them, you can have 100% confidence that your client has a way to get the cash needed to pay off the spouse. If they approve, this limits the amount of back and forth negotiations and talks between the parties or between the two parties attorneys to figure out how that will get paid. Your client will not have to worry about their x-spouse forcing them to sale the home to pay them off if they can not come up with the cash after the divorce decree is executed. All the question, worry, and fretting is cleared up during the writing of the divorce decree.