Divorced or Seperated in Colorado

Going through a divorced housing situation is trying enough with just figuring out the relationship problems. The financial problems multiply the burden ten fold, so it is important to guard yourself financially. In a divorced housing situation, immediately put an end to all joint credit, including your mortgage and credit cards.

No one will be forced to leave the house, however, with children involved, the courts usually give the house to the parent who has the children during the week. If your spouse wants to keep the house, have them refinance the mortgage so you are not responsible for any of the finances. Obtain divorce housing situation credit reports from each of the three credit reporting agencies and determine how much you both owe. Once you decide who is paying the debts and divorce credit, close the joint account and move your balances into a new, separate account. If you live in a "community property state" (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin), you may be accountable for your spouse's debt even if it is not a joint account. In these states, you keep what you brought to the marriage, things you inherit, court awards, and pensions earned before the marriage. Therefore, acquire any documents you had before the marriage for proof of ownership.

Quickly end all joint credit cards or accounts and have your mail sent to a different mailbox that only you have access to. Inform each of the three credit reporting agencies to let them know you are in a divorced housing situation and separated.

The last thing you need in a separated or divorced housing situation is more problems so take every precaution in financial planning to prevent bad divorce credit including help from you mortgage company or credit counseling services. 

Check out ColoradoHomeLoan.org for further helpful guidelines for whatever situation you might be in.

Fill Out An Application

Take the first step and fill out the online application. Once contacted, we will let you know within a day if you are approved for your loan amount and will close within 10 days.

30 Year Home Saver

Our 30-Year Home Saver Loan provides security and saves you money. In fact, few mortgage companies are AUTHORIZED by the Federal Housing Authority to sell these products.