A Follow-Up To: The Impact of Interest Rates in Divorce & Real Estate - Sterk Family Law Group, P.C.

As a follow-up from our last podcast with Larry LoVetere, in August 2022, we discussed the impact of interest rates and real estate in divorce cases. Now, as we are in the middle of Q1 in 2023 we wanted to take another look at how the real estate market is looking, especially for divorcees.  What kind of shifts has been seen in the last almost 6 months? What are we seeing in terms of supply? What impact is the rate change having on buyers and sellers?  What options are available when a divorcee is awarded the marital home but not on the mortgage? If they were previously not on the mortgage, could they be considered a first-time home buyer? What difficulties do many people feel they will encounter?   Larry LoVetere has been in the mortgage industry for over 18 years and became a loan officer because he wanted to be in a business where he could help people and make a difference in their lives.  To connect with Larry or to schedule a free consultation, visit: www.rate.com/larrylovetere or call (331) 214-5662 To learn more or to connect with Sterk Family Law Group, P.C. or Gwendolyn Sterk, call 815-600-8950 or visit https://www.sterkfamilylaw.com/  **************  Sterk Family Law provides a full range of family law and estate planning services in Orland Park for clients in Will, Cook, and DuPage counties.  The Sterk Family Law Group team provides a holistic approach to the practice of law and strives to not only service a client’s legal needs, but also help manage a client’s emotional and overall well-being by establishing connections with a vast network of counselors, support groups, and various other non-traditional service providers within local communities by way of the unique Resource Center.  The Resource Center provides Sterk Family Law clients with access to other professionals to help prepare for the next step in their lives. **************  This podcast is for informational and educational purposes only. This is a legal advertisement from Sterk Family Law Group, P.C. and does not constitute legal advice and should not be construed as such. #mortgage #mortgagerefinancing #mortgagelending #divorce #interestrates #interest #mortgagerates #realestate #recession #homebuying #divorce