Relocate to Wisconsin : Don't Worry about the Mortgage, You're Divorced Now, said the Lawyer

Don't Worry about the Mortgage, You're Divorced Now, said the Lawyer

 Oh golly gee whiz....that mortgage that has both husband and wife owning the property....don't worry about it ? The one that says you are equally liable for every nickel owed ...THAT piece of the marriage/divorce puzzle ? decree

       Please DO worry about it...worry about how your name gets OFF the mortgage or IF your ex is"buying you out" that ever piece of paper provided as proof of intent to purchase is examined for accurstamp of approvalacy.  The problem is that Lawyers don't always know what IS accurate....and instead of advising their clients to have someone else review it....they give their stamp of approval on anything that "looks official".   

     That is one of the reasons we find ourselves seated in courtrooms or emailed legal documents when we are appointed the agents for the house that was never sold as was ordered in the original divorce decree....could not be refinanced...which was obvious BEFORE the divorce was granted....but the ever so famous "Re-finance or Sell" issue was ordered years before....that is the way it has been and for the immediate future...is now....urgh.

    If your name is on ANYTHING...the mortgage, a credit card, a medicworryal bill, a bank account....and you are in the process of or have divorced and you are not in sole and complete control...DO worry about it !

     Remember the person that you did not trust as a marital partner now may have that control ....and may not pay bills on time, completely...at all....and continues to destroy your credit.....and theirs as well....while they continue down the path of financial destruction. 

      If you are unclear what your financial responsibility is...if you can't understand the documentation...if none or only part of it was provided....Do more than worry...consult the highest and best source you know to clarify the situation and see that you do whatever it takes to become a WHOLE financial justiceperson on your own without someone else pulling your financial strings or breaking them....be your own independent person...with Financial liberty and justice for YOU !    

   This has been a public service post brought to you by  Sally K. & David L. Hanson, Broker Associates and the only divorce certified expert real estate agents in Wisconsin.

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Comment balloon 11 commentsSally K. & David L. Hanson • August 05 2017 12:50PM

Comments

Good morning, Sally and David -- Oh My!  Isn't it amazing what comes out of the mouths of some "experts"?   Actually...amazing isn't the word...crazy is more accurate.  Yikes.   

Posted by Michael Jacobs, Los Angeles Pasadena Area Real Estate 818.516.4393 (Coldwell Banker Residential Brokerage) 3 months ago

Good morning Sally and David. This is so true and would be funny if not so tragic.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) 3 months ago

That is crazy for a lawyer to say that, it is usually the biggest debt that is shared between married people.

Posted by Brian England, MBA, GRI, REALTOR® Real Estate in East Valley AZ (Arizona Focus Realty) 3 months ago

Ahhhh "experts".....everyone should just listen to you guys!  Happy weekend!

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) 3 months ago

Happy Saturday to both of you.  Excellent post for this find Saturday morning and one that is so important to know about.

 

Posted by Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes) 3 months ago

Good afternoon Sally K. & David L. Hanson ,

OMG..it never ceases to amaze me what some attorneys will say in divorce cases!! Definitely could lead to big time trouble.

Posted by Dorie Dillard, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.346.1799) 3 months ago

It is scary to imagine anyone getting wrong advice from a lawyer. Thank you for sharing

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 3 months ago

Sally and David you are absolutely right, if your name is on it WORRY!.  Attorneys need to stick to what they know and refer people who are the mortgage and Real Estate experts. 

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) 3 months ago

Good morning Sally.

Opened my eyes on what I'm sure is just some of the issues you and David encounter, several times during the year.  

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty AR LLC) 3 months ago

Good morning, Sally and David... I simply find it hard to fathom that an attorney would give advice like that... sheesh! And then in most states we also automatically give them a real estate license???? Crikey!

Posted by Nina Hollander, Your Charlotte/Waxhaw/Fort Mill Area Realtor (RE/MAX Executive | Charlotte, NC) 3 months ago

Incredible that an attorney would actually give that advice. And scary that there would be people who would believe it, too!

Jeff

Posted by Jeff Dowler, The Southern California Relocation Dude - Carlsbad (Solutions Real Estate ) 3 months ago

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