Divorce

I have been asked by several clients, should I really try to keep the house???

Now, the answer to this question is …It depends! In light of our mortgage crisis it is extremely important to determine the true benefit in keeping your home. But with new loan modification programs that are in planning stages now, it may be possible to lower your mortgage payments.

For starters, please ask yourself, “Can I afford to keep this house?” Should my spouse leave today could I not only buy out their interest (which will increase the mortgage payment) but can I afford the taxes, insurance and also the household bills, gardener, water, trash, etc?

Also consider, “Why Do I Want to keep this house?” Are you tied to the house emotionally? Do you wish for your children to reside in a stable environment? Do you work close to home? Are your kids doing well in school and are the schools good?

The truth of the matter is, a lot of homeowners do not have much equity in their home. For many the loan amount exceeds the equity and depending on finances, you and your spouse may be behind with payments. If this is the case and you do not have many emotional ties to the home, you should consider other options.

In today’s market, you have options such as a “Short Sale” if something must be done expeditiously. ** I just hosted a New Pod cast with Martha Shanks regarding Property Options for Today…Please go to my Child Custody and Support site and click on “Podcast” for more information. If you don’t have to quickly settle the question regarding the house, and if you qualify (see other postings in this blog) you could get help with a loan modification.

Next, if there is equity in the home, please consider, “Can I really afford to ‘buy out’ my spouse’s interest?” Unless the parties decide otherwise, if you decide to keep the home, be prepared to “pay” for your spouse’s share of equity in the home. This will most likely increase your mortgage payments. Also, because of the “freeze” in our lending markets, you may face some difficulty in obtaining a loan.

Also, consider, “Can we continue to both own the property until the market gets better?” This will all depend on your relationship with your spouse and your goals. If there is some equity in the home, selling may be an option, however if this is not the case, it may be worth considering. This may mean the spouse remaining in the home will continue to pay the mortgage, while the “out spouse” finds someplace else to live. However with this option, you may be in a better position to sell your home at a later time. This also opens the door to a loan modification, as one of the requirements is a drop in family income.

By: Demetria L. Graves, Esq.

The Law Offices of Demetria L. Graves

http://www.attorneygraves.com

**This article is not intended to be legal advice. You should consult an attorney in your state for advice regarding your individual situation.

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One of the biggest concerns and considerations that come into play during a divorce is the financial impact, particularly on the financially disadvantaged spouse, who may not have a job or career to count on during or immediately following the divorce. It is important to prepare for life as a single financial entity as soon as possible once divorce is contemplated. Here are 4 steps to prepare yourself financially for the process of divorce:

1. Gather all financial documents and make copies of them. This includes bank statements, credit card statements, insurance policies, car titles, employee reimbursement accounts, 401K statements, investment statements, mileage plan statements, property appraisals, loan information, and the like. An attorney can give you a complete list of all the documents that you will need to produce in order for a full financial picture to be assessed.

2. Hire an attorney. If you have significant assets, children, or property involved, it is important to have an attorney on your side to help you make sure everything is accounted for.

3. Get a credit card and a bank account in your name. Getting a credit card while your credit is still combined with your spouse’s is generally a good plan, especially if you aren’t currently working. Put some emergency funds in your personal bank account. Though court orders will typically prohibit your spouse from restricting your access to marital funds, it is wise to be sure you have some money that you have access to for living expenses. Just be sure to disclose this account when financial records are requested by your attorney.

4. Hire a financial planner who specializes in divorce and asset division to help you determine the best asset division plan based on your particular situation. A certified divorce financial analyst can look at future projections of the possible scenarios and advise you as to the best course of action.

Are you interested in addressing the challenge of divorce from a holistic standpoint, assessing the physical, emotional, practical, and relationship components?

For a free copy of my ebook, “Natural Methods To Fight Depression”, click here: http://www.stoptoxicrelationships.com/gifts-naturalmethodstofightdepression.html

Shannon Cook is a personal coach and resource guide who has written a number of informative articles and ebooks on the topic of toxic relationships and holistic personal growth, including physical, emotional and relationship health.

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Divorce can sometimes be kept as a close secret, even up until the last moment even after, and yet is often regarded to be a crucial piece of information to the other party in a relationship. California divorce records contain important information such as what led to the divorce, which may serve to protect you. Since divorce is often a sensitive topic, instead of asking outright, look at the divorce records first.

Checking if there was a past divorce record helps you understand your potential spouse or boyfriend better. Regardless of what your other has said about his or her marital past or status, it is a good idea to examine his past before you commit further into your relationship as it may often protect you against hurt.

If you realize that your other has been lying to you regarding his or her marital history, it is a warning sign for you to be careful. You should ask questions honestly to see what information you can obtain, and hear his or her side of the story. Looking at the divorce records not only protects you from hurt, but it can also help strengthen your relationship by allowing the both of you to come out into the open about your pasts.

Divorce records not only a source of information, but can also serve to warn you about potential problems in your relationship. No one needs to be in an abusive relationship, and this form of relationship can often inflict the greatest hurt on you. Taking a few minutes to examine the past of your significant other can help you avoid a great deal of pain.

Also, if you are considering marriage, you need to take a look at the possibility of child support and alimony going to his past relationships. It is often difficult to see your hard earned money unknowingly going to someone else in your spouse’s past simply because you did not check up on their divorce records.

It may be a good idea to go to the county courthouse and request a copy of the California divorce records, however that may prove unpractical or time consuming if you live outside of the county. The good thing about online county public record registries, is that not only can you lookup California divorce records, but may also search National marriage and divorce records.

In California, divorce records can be obtained and searched online and can be done at home through the county registry with 100% privacy, confidentiality and convenience. can provide you with the information you need to protect yourself. Now you can conveniently obtain the information you need to protect yourself.

You can search California divorce records at: http://www.countyregistry.org/divorce-records/california

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