Divorce & Real Estate: Why Didn't My Lawyer Tell Me That? | Episode 230

Welcome back to another episode of Divorce at Altitude! This week, host Ryan Kalamaya is joined by Certified Divorce Lending Professional (CDLP) Karla Kyte to discuss the critical intersection of divorce and real estate. With real estate prices and mortgage rates making headlines, it’s more important than ever for divorcing individuals to understand how homeownership, refinancing, and mortgage assumptions play a role in their financial future.

Karla brings 27 years of lending experience in Colorado and specializes in helping divorcing clients navigate the often-overlooked financial challenges of property division and home financing. This episode is packed with key insights on common misconceptions, financial pitfalls, and essential planning strategies for divorcing homeowners.

Episode Highlights:

• Why Real Estate is a Critical Factor in Divorce: Ryan and Karla discuss why nearly every divorce involves the marital home and how real estate decisions can have long-term financial consequences.
• The Impact of Child Support & Spousal Maintenance on Loan Qualification: Learn how temporary and permanent support orders affect mortgage approvals, including why three years of support is often required for financing.
• The Hidden Challenges of Refinancing & Mortgage Assumptions: Karla dispels myths about mortgage assumptions and explains why simply “taking over” a loan isn’t as easy as it sounds—and why a refinancing strategy may be more beneficial.
• Buying a Home Before the Divorce is Final: Can you buy a home before your divorce is finalized? Yes—but only if specific legal and financial conditions are met. Karla breaks down the steps necessary to make this work.
• Why You Need a Certified Divorce Lending Professional (CDLP): Many divorcing individuals unknowingly agree to settlements they can’t execute, leading to forced home sales and financial hardship. Karla explains why early mortgage planning is crucial and how a CDLP can help prevent costly mistakes.

Key Takeaways:

• Misconceptions About Mortgage Lending in Divorce: Many attorneys and lenders misunderstand mortgage qualifications for divorcing clients. Karla reveals the most common mistakes that can derail home financing.
• Temporary Support & Its Role in Home Loans: Establishing court-ordered temporary support early in the process ca

What is Divorce at Altitude?

Ryan Kalamaya and Amy Goscha provide tips and recommendations on issues related to divorce, separation, and co-parenting in Colorado. Ryan and Amy are the founding partners of an innovative and ambitious law firm, Kalamaya | Goscha, that pushes the boundaries to discover new frontiers in family law, personal injuries, and criminal defense in Colorado.

To subscribe to Divorce at Altitude, click here and select your favorite podcast player. To subscribe to Kalamaya | Goscha's YouTube channel where many of the episodes will be posted as videos, click here. If you have additional questions or would like to speak to one of our attorneys, give us a call at 970-429-5784 or email us at [email protected].

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DISCLAIMER: THE COMMENTARY AND OPINIONS ON THIS PODCAST IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES AND NOT FOR THE PURPOSE OF PROVIDING LEGAL ADVICE. CONTACT AN ATTORNEY IN YOUR STATE OR AREA TO OBTAIN LEGAL ADVICE ON ANY OF THESE ISSUES.