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Brad Lynch
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Flower Mound TX Home Exterior

Owelty and Common Law

November 8, 2011 by Brad Lynch

Upon every Texas Owelty Refinance transaction, I learn that there is an endless amount of misunderstood variables that individuals will encounter during a divorce.  Today, on my video post on YouTube at The Frisco Mortgage Video Blog, I made a point to cover the details about a specific situation where a spouse may have bought a home with one person, gone through the divorce and owelty pay off, and then remarried while still in the same house.  You’ll be surprised when you hear what the law says about this!

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Category: Frisco MortgageTag: 2nd divorce, common law, Divorce Owelty, refinance owelty, tx owelty

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  1. Attorneys Use of Divorce Mortgage Brings Super Results says:
    August 13, 2012 at 2:14 pm

    […] what loan is the best loan to use during an owelty refinance or what is sometimes mentioned the divorce refinance.  If you haven’t read my posts about NOT using the Texas Cashout a(6) to pay off a spouse […]

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About Brad Lynch

Brad Lynch of Flower Mound, TX has been helping families in the DFW and surrounding areas since 2002. Over 95% of his business during that time has been by referral.

Specialties include, FHA and Conventional Purchase and refinance mortgage, and owelty refinances during or after a divorce.

Connect With Brad

Hello there! I’m Brad. If you have any questions as you read through this website you can reach me at 469-450-2723. Or, Pre-Qualify Now For Purchase Or Refinance.

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Texas Recovery Fund Notice

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT HTTP://WWW.SML.TEXAS.GOV.

Brad Lynch, RMLO (NMLS #206799) is the owner representative of Your Mortgage Guy For Life LLC (NMLS #2739114). Your Mortgage Guy For Life LLC is an Equal Opportunity Lender. NMLS Consumer Access https://www.nmlsconsumeraccess.org/ 

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