By Authors: Pam Prescott, RCS-D™ and Kelly Lise Murray, J.D., co-founder of DivorceThisHouse.com™ and the official RCS-D™ Designation Course
The family home is usually the most significant asset in divorce and elder mediation, often with significant debt. However, appraisal minus mortgage does NOT equal actual equity. This incomplete equation leaves your house over-valued and that works against you in family mediation for divorce and elder matters. Don’t settle for a bad property settlement. In addition to the inaccurate and unfair division of your property, you risk damaged credit, default, foreclosure or even bankruptcy.
Remember all those documents you signed when you bought the house? Most are missing when mediating that same house. We provide free help to gather the house documents you need to make an informed decision regarding actual equity and whether to keep the house. In addition, liens, house condition, future mortgage approval, and home insurance are all researched so you will have all the right information and there are no house secrets.
Pam Prescott, with Hannon Properties, LLC has completed course work to earn the RCS-DTM designation as a Real Estate Collaboration Specialist – Divorce™. She holds the only designation in Hall County, GA and only 1 out of 18 in the entire state of GA. As an RCS-D™ REALTOR, Pam is professionally trained to neutralize divorce real estate as a business transaction in the best interest of the house – and each divorcing spouse. Leading your divorce real estate team, Pam also serves as project manager working with you and your lawyers and can refer real estate and financial professionals specializing in divorce to assist with gathering house-related documents and scheduling consultations, most of which are free (except the title search which may be reimbursed if certain conditions apply).
You may contact Pam @ 678-361-5111 anytime to discuss how you can protect one of your most valuable financial assets during the stressful time of divorce. Whether your divorce is completed, just beginning or somewhere in between, Pam can help you determine your best options now for a stronger financial future.
2018, copyright© Pam Prescott, RCS-D
Let's Work Together to Prevent Permanent Mistakes in Divorce and Elder Family Mediation