Nicole Williams

Understanding mortgage responsibility and loan assumption in a divorce – it’s crucial!” Assuming legal responsibility allows the spouse retaining the home to take on legal responsibility for paying the mortgage loan. When the “out-spouse” qualifies for a new mortgage loan… Read More »Decoding Mortgage Responsibilities: Understanding the Difference Between Assuming Legal Responsibility and Loan Assumption

Understanding Mortgage Escrow Accounts A mortgage escrow account is essentially a separate account held by the lender to cover property related expenses such as property taxes and homeowners’ insurance. Homeowners contribute a portion of these expenses to the escrow account… Read More »Navigating Mortgage Escrow Accounts in Divorce: What Happens When the Loan is Paid Off?