Legal Question in Family Law in California
Is it advisable to refinance my home after I file for divorce or should I wait till after the divorce is finalized?
Asked on 12/27/11, 12:58 pm
3 Answers from Attorneys
Arlene Kock
Law Offices of Arlene D. Kock APLC
The question needs more information. What is the purpose of the refinance? To get a better rate, buy out your spouse or some other reason. If the plan is a buy out, you should have all the terms of your marital agreement written out and signed by a judge before you divide the home.
Answered on 12/27/11, 5:19 pm
Anthony Roach
Law Office of Anthony A. Roach
I agree with Ms. Kock. The answer to that question is going to depend on some other facts. Some parties refinance during the divorce, as part of settlement as Ms. Kock advises. Some have to refinance to obtain funds to pay for lawyer's fees.
Answered on 12/28/11, 1:15 pm