Chances are either you, or someone you know, is currently getting a divorce. With that comes a division of your most valuable asset — your home. Real estate transactions alone can be stressful. Add a divorce to the situation and many costly mistakes are made that too often lead to damaged credit, default, foreclosure or even bankruptcy.

Bob Parks Realty announced that nine of their agents have successfully completed the real estate divorce course and earned their Real Estate Collaborative Specialist – Divorce designation. Presented at Vanderbilt Law School by DivorceThisHouse.com, this twelve-hour seminar teaches Middle Tennessee real estate agents how to work with homeowners going through a divorce. More importantly, these real estate professionals learned how to get more information for their clients earlier in the divorce process that leads to more informed decision-making and a stronger financial future for divorcees and their kids.

President and CEO of DivorceThisHouse.com, Kelly Lise Murray, J.D., states, “To successfully divorce your spouse and house, you need more earlier. This concept means getting more information and doing more due diligence with real estate and financial experts much earlier in the divorce process.”

Unfortunately, many divorced homeowners find out too late that they didn’t divorce their house — or completely divorce their spouse — if there is any joint debt or joint ownership after the divorce decree becomes final. Murray says. “The lender can unfortunately seek repayment in full from you alone. Also, under joint ownership, the individual creditor of your co-owner can record a lien against title to the property you own jointly — preventing you from refinancing or selling until that lien is released, which usually requires payment of the debt.” Murray further cautions that there are only two ways to remove your name from a joint mortgage: your co-borrower individually refinances the mortgage, or the house is sold. That’s it. And with any joint debt after divorce, you risk damaged credit, foreclosure, and bankruptcy.

Combining the expertise of real estate professionals, and financial experts with divorce attorneys, will help limit damages that can occur to your credit, future home, and finances during a divorce. For more information on reaching a Middle Tennessee divorce real estate professional near you, see below:

Beverly Cannon Jones
Sumner County/Gallatin Hendersonville
Office (615) 826-4040
Cell (615) 812-6954

Mary Jane Cochran
Williamson County/Franklin
Office (615) 790-7400
Cell (615) 438-6640

Lori Fishkind
Green Hills/Nashville
Office (615) 383-6600
Cell (615) 495-9218

Frances Garner
Green Hills/Nashville
Office (615) 383-6600
Cell (615) 300-6439

Cindy Garner
Williamson County/Franklin
Office (615)790-7400
Cell (615) 587-0366

Lisa Rose Johnson
Mt. Juliet
Office (615) 583-5050
Cell (615) 495-0554

Diane McKee
Williamson County/Franklin
Office (615) 790-7400
Cell (931) 215-1573

Denise Moody
Williamson County/Brentwood
Office (615) 370-8669
Cell (615) 585-7283

David Votta
Williamson County/Brentwood
Phone (615) 370-8669
Cell (615) 330-8638

Posted by:  Kimberly Fahey

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