The Lindley Team | 503.517.8641
Divorce Mortgage Financing: Understanding the Importance of Basis when selling the Marital Home
With the real estate market continuing to improve and divorcing clients selling the marital home, it may be an important time to review the importance of Basis in selling real estate.
The basis of the property is usually the cost. The cost is the amount paid in cash, debt obligations, other property, or services as well as significant property improvements made to the property. Often times overlooked for inclusion of the basis is any ‘special assessments’ paid by owners who are selling condominiums, townhomes, etc.
In addition to the cost of the property, certain other fees and expenses become part of your cost basis as well.
Real Estate Taxes
Dispositions Other Than Sale
—Transfer to spouse
Are you or someone you know going through a divorce where real estate or mortgage is involved? We are the only Certified Divorce Lending Professionals in Portland. Contact us today for a no-obligation consultation:
503.517.8641 or email@example.com
This is for informational purposes only and not for the purpose of providing legal or tax advice. You should contact an attorney or tax professional to obtain legal and tax advice. Interest rates and fees are estimates provided for informational purposes only, and are subject to market changes. This is not a commitment to lend. Rates change daily – call for current quotations.
The Lindley Team
Currently, The Lindley Team is the only Certified Divorce Lending Professional team in Portland, OR. Let us help equip you for the best possible outcome in relation to your mortgage and marital home.
Not a commitment to lock or lend. Terms and restrictions apply. Not all applicants will qualify. Mortgage Express, LLC. NMLS Company ID: 40831 | www.mtgxps.com | Licensed in OR/WA/CA. Licensing in CA by the Department of Business Oversight under the Residential Mortgage Act. Mortgage Express is an Equal Housing Lender. Questions and concerns may be directed to firstname.lastname@example.org, or 10260 SW Greenburg Road, Ste. 830, Portland, OR 97223.