A woman sits at her kitchen table reviewing a home appraisal report and mortgage documents with house keys nearby. The image represents the financial and mortgage decisions involved when one spouse plans to keep the marital home after divorce, including appraisal value, equity buyouts and refinancing.
Comparison of a Divorce Appraisal used for divorce settlement purposes and a Lender Appraisal under UAD 3.6 used for mortgage financing. The graphic illustrates why a marital home may have two different appraisal reports during a financed divorce buyout and why understanding which appraisal governs the settlement is important.
A divorce attorney and client review settlement documents together while discussing financial and property decisions. The image represents the importance of addressing the marital home, appraisal, equity buyout and mortgage strategy before a divorce settlement is finalized.
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