“What Not to do during the Divorce Process”
“WHAT NOT TO DO DURING THE DIVORCE PROCESS”
In a previous recent Blog, we discussed some of the issues surrounding the sale of the marital residence, refinancing, and that the spouse not receiving the home somehow being able to purchase another home in spite of the first mortgage continuing. A number of other questions surround behaviors that may impact on the party not receiving the home, to be able to borrow sufficient funds in order to purchase a home independently. To assist in this, please review the following as points to avoid during the time that the divorce is underway and before it is final:
- Do not change jobs;
- Do not quit your job;
- Do not finance anything else (cars, boats, airplanes, cottages, etc.);
- Do not co-sign a loan for anyone else;
- Do not miss payments.
Any of these things can result in added difficulty in obtaining a new loan for your own independent home purchase.
The Divorce attorneys at Damon, Ver Merris, Boyko & Witte, PLC are experienced in assisting divorcing parties to obtain new homes for themselves.
If you have any questions regarding this aspect of your divorce process, please do not hesitate to contact the law firm of Damon, Ver Merris, Boyko & Witte, PLC at (616) 975-9951 to speak to one of our Grand Rapids Divorce or Family Law Attorneys. We are here to help. – Curtis R. Witte / June 4, 2018
While this posting originates from a law office, none of the contents should, in any way, be considered legal advice. If you have not signed a retention letter describing the legal services to be provided and the amount to be paid for such services, you are not a client of this firm.