{"id":41563,"date":"2025-01-22T17:32:58","date_gmt":"2025-01-22T17:32:58","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/real-estate\/keep-your-house-in-divorce\/"},"modified":"2025-01-22T17:32:58","modified_gmt":"2025-01-22T17:32:58","slug":"keep-your-house-in-divorce","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=41563","title":{"rendered":"Keep Your House in Divorce"},"content":{"rendered":"


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\"\" How to keep your home in Divorce\u2026 Denver Divorce Realtor, Elizabeth Hotz went through her own divorce and kept her house with minimal disruption to her family.<\/p>\n<\/div>\n

The path to divorce is not a straight line. There are stops and starts\u2026 looking backward while pushing ahead. And often, you feel like you are all alone.<\/p>\n

Undoubtedly, navigating the winding road of separation and divorce was one of the most challenging experiences of my life. Reflecting on my own journey, I vividly remember how daunting the financial aspects of divorce were for me.<\/p>\n

Initially, the thought of creating and supporting two separate households was totally paralyzing. I knew I needed help. So, amidst grieving my relationship, raising two small boys, and running my own business, I devoted all of my free time to researching and developing a solid plan.<\/p>\n

To do this, I found myself engaging with a variety of professionals including lenders, wealth managers, appraisers, mediators, attorneys, counselors, and even a few psychics (ha!). They all contributed to guiding me through the complexities of my divorce. Now, almost four years later, I am so happy to see that there are even more resources and options are available to support those facing similar challenges.<\/p>\n

Keeping Your Home In a Separation May Be an Option!<\/h3>\n
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<\/a> Can You Keep Your House in Divorce? Join the free webinar on February 21 at 11 am. You can register anonymously by clicking above.<\/div>\n

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In my real estate business, I often find myself working with individuals navigating this significant life transition. I strive to stay informed about the latest trends and resources in order to help them with this process. Recently, I attended a Divorce & Lending class in Denver<\/a> led by Karla Kyte, a Certified Divorce Lending Professional. It was an eye-opening experience to say the least! I WISH I had had access to her expertise during my own divorce journey. Karla, the founder of My Divorce Mortgage Planning<\/a>, aims to help clients and their soon-to-be ex-partners develop strategies for managing and growing real estate assets post separation and divorce.<\/p>\n

\"\"\"\"Whether it\u2019s maintaining the family home or opening the door to a new home, I love that Karla\u2019s goal for all parties is homeownership\u2026 and her vast mortgage experience knows how to get you there! In this article, I invite you to explore how collaborating with a Certified Divorce Lending Professional (CDLP) can empower you to navigate your finances effectively and reach your homeownership goals while navigating your divorce. \u00a0What is often a legal option, is often not a mortgage option and that\u2019s why it is crucial to understand what you are agreeing to while in the divorce process.<\/p>\n

What a Certified Divorce Financial Planner Does<\/h3>\n

\"Divorce\"DivorceA Certified Divorce Lending Professional (CDLP)<\/a> is a mortgage lender certified in Divorce who works with divorcing clients, during their divorce, to make sure that what they are settling on in terms of the home\/mortgage that can actually be accomplished in the end.\u00a0 The goal is to put together a strategy so that both parties\u2019 income and obligations have been (or will be) properly allocated in order to qualify for either a mortgage moving forward to keep the marital home or to purchase a new home. And, if one of these options is not obtainable for one party, what needs to be done so they can qualify in the near future.<\/p>\n

Making sure that the divorce settlement is done right the first time saves clients time and money in post decree modifications. Many times I\u2019ve worked with divorcing clients who made agreements in their divorce decree for someone to keep the house, only to find out that they could not. Or paid to refinance their current mortgage only to discover they could have assumed it at a low cost and kept their current rate. Revisiting your divorce decree after the fact not only brings up the painful emotions of divorce all over again, but it racks up attorney fees. Not to mention, that the courts are extremely backed up, which draws out the\u00a0process even more. Working with a CDLP can eliminate the guesswork and help set up both parties for success from the beginning of the divorce process.><\/p>\n

How a CDLP Can Help with Real Estate During Divorce<\/b><\/h3>\n

\u00a01. Evaluating Your Current Property<\/b>
If you and your spouse own a home together, a CDLP can help you in these important ways.<\/p>\n