Joint Bank Accounts and Divorce

Written by John Mussi


Here are some useful tips on joint bank accounts and divorce. If you've recently been through a divorce - or are contemplating one - you may want to look closely at issues involving joint bank accounts.

Joint Bank Account: Your income, financial assets, and credit history - and your spouse's - are considerations for a joint account. No matter who handlesrepparttar household bills, you and your spouse are responsible for seeing that debts are paid. A creditor who reportsrepparttar 138783 credit history of a joint account to credit bureaus must report it in both names.

An application combiningrepparttar 138784 financial resources of two people may present a stronger case to a creditor who is granting a loan or credit card. But because two people applied together forrepparttar 138785 credit, each is responsible forrepparttar 138786 debt.

This is true even if a divorce decree assigns separate debt obligations to each spouse. Former spouses who run up bills and don't pay them can hurt their ex-partner's credit histories on jointly-held accounts.

How to Find a Property Appraiser

Written by Brian Austin


When it comes to finding a real estate appraiser, many homeowners don't know what to look for. This article describes 5 things to look for in a property appraiser.

1. Always make sure a property appraiser is licensed or certified byrepparttar state to perform real estate appraisals. While state licensing and/or certification isn’t always an indication of quality, it ensures that an individual is has met certain standards and been authorized to perform property appraisals. Some states do not require licensing to perform real estate appraisals. It is unwise to userepparttar 138776 services of any professional who is not licensed or certified.

2. Don’t be afraid to ask an appraiser for a copy of their license. A good appraiser will readily provide this documentation. Copies of licenses are commonly requested by mortgage brokers and loan officers. Once you get a copy of their license, it’s a good idea to check withrepparttar 138777 government agency which issuedrepparttar 138778 document to ensurerepparttar 138779 license is active and in good standing.

3. Many excellent real estate appraisers carry a professional designation. The most widely known industry designations are SRPA, SRA and MAI. These designations are issued byrepparttar 138780 Appraisal Institute. These designations demonstrate an appraiser's commitment to continuing education and ethical standards. Oftentimes,repparttar 138781 standards required to obtain these designations exceed those set forth by state licensing/certified requirements.

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