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If The Mortgage Company Didn’t Approve My Refi Application, Can The Judge Order Them To So I Can Keep My Brooklyn Home?

Unfortunately, this is a difficult situation that is all too common for joint homeowners in Brooklyn who are going through a divorce.

One spouse wishes to retain the home, but because of the increased lending standards since the Great Recession, and because money problems are often a significant part of the problems that led to divorce in the first place, that spouse cannot refinance the home as ordered in the settlement in order to remove the other spouse from the financial obligation.

If your divorce isn’t finalized yet, there may be ways to structure the settlement to improve your financial picture to get the refi and keep the house.

Depending on your situation, there may also be other options worth exploring when you want to retain your house, even if your divorce is already finished.

The attorneys at Zelenitz, Shapiro & D’Agostino can help you find creative solutions to the problems in your divorce, and get the best possible settlement.

Call us today at 718-725-9601 for a free consultation with an experienced Brooklyn divorce attorney.

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