Posts Tagged ‘divorce’

Our Local Real Estate Market May Surprise You

By Stockdale Law Firm, Inc. on June 20, 2012 | Category: Blog | Tags: divorce, El Dorado Hiils, inventory, market, marriage, overbidding, real estate, real estate agent, real estate loan, selling house |

Is it possible that the local housing market is starting to rebound? According to two local real estate professionals it is. “Now is a great time to sell your home in El Dorado Hills,” said Hillary Sand a real estate sales agent with ReMax Gold in El Dorado Hills. “We are seeing buyers offering competing, greater than full price offers on homes for sale and homes that are properly priced are selling within days.”

Sue Palmer, a loan agent with Summit Funding which recently opened an office in El Dorado Hills echoed this sentiment. “There really is no inventory for homebuyers right now.” Palmer, who handles all aspects of real estate finance explained that despite the lack of homes for sale for buyers, those that are in escrow are closing. “We’ve seen a 400% increase in the number of loans in the past two months (April and May) over the beginning of the year.” Read more …

New Law: Teenagers Testifying in Custody Matters

By Stockdale Law Firm, Inc. on January 3, 2012 | Category: Blog | Tags: child testimony, court testimony, custody, divorce, divorce lawyer, El Dorado Hills, family law, FC 3042, litigation, visitation |

This week (January 1, 2012 to be exact) marks the effective date of a new law allowing children 14 years or older to provide input on custody or visitation matters in family court.

Specifically, the amendments to Family Code Section 3042 provide that the 14 or older child “shall be permitted” to address the court unless the judge determines that doing so would not be in the child’s best interest.

There has been a great deal of discussion in the family law community about whether the potential benefit of child testimony outweighs the potential detriment to the child and the parent/child relationship. Read more …

Support as Income for your Divorce Refinance

By Stockdale Law Firm, Inc. on March 17, 2011 | Category: Blog | Tags: child support, divorce, income, mortgage, refinance, spousal support |

I have had clients who are divorcing or divorced, who encounter difficulties when they attempt to refinance their home and they try to include support payments they receive as income to qualify for their refinance.

According to a mortgage specialist, Bill Wolfe, who is part of my collaborative practice group, lenders are becoming more stringent about “qualifying income” in connection with refinancing as the result of a divorce. The resource specialist shared the current lending guidelines regarding support income. Read more …

Income and Expense Declarations (FL-150)

By Stockdale Law Firm, Inc. on February 27, 2011 | Category: Blog | Tags: attorney's fees, child support, DCSS, divorce, FL-150, Income and Expense Declaration, Legal Separation, spousal support |

Income and Expense Declarations (or Judicial Council FL-150) forms are used to determine a party’s monthly income and expenses, education and training, tax filing status, and the approximate values of his/her checking, savings, and investment accounts and personal and real property.

The Income and Expense Declaration can be required as part of the financial disclosures in a divorce or legal separation case, to file or respond to a support motion, or even at the request of theother party prior to the filing of a motion to modify support. Read more …

Financial Disclosures (FL-150 & FL 142) Required in California Divorce

By Stockdale Law Firm, Inc. on February 23, 2011 | Category: Blog | Tags: dividing assets and debts, divorce, financial disclosures, FL-140, FL-141, FL-142, FL-150, Income and Expense Declaration, Legal Separation, Schedule of Assets and Debts |

Both parties to a divorce or legal separation case in California are required by law to make certain financial disclosures to each other within a reasonable time after the initial papers (Petition and Response) are filed with the court. There are both preliminary and final disclosures.

In practice, it is strongly recommended that preliminary financial disclosures be completed and exchanged by both parties before moving forward with settlement negotiations. (How can you talk about dividing assets if you don’t have a complete picture of the community estate?) Read more …

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