Dave Halpern, Broker, SRES

The Kaden Tower in Louisville Kentucky is sometimes called the Lace Building. Kaden Tower is a 15-story office building at 6100 Dutchmans Lane in the East End of Louisville. Kentucky. The building was designed by a student of Frank Lloyd Wright, the building is often considered a landmark close t...

Sometimes loans were made with only one spouse on the loan. What happens to the non-borrower spouse when a house goes into foreclosure or sells at a short sale? If someone is not on the loan a short sale should not impact their credit or ability to obtain future loans. This should be verified wit...

In a divorce situation there are often contradictory needs that cannot be fulfilled at the same time. One spouse wants to remain in the house, especially to preserve the children’s habitual residence. However, the new financial situation may render the monthly mortgage payment unaffordable and th...

How about getting rid of the mortgage debt altogether via a short sale? Let’s explore. Dividing the excess home equity in a divorce used to be a primary point of contention. Today it seems that dividing the debt is a primary issue. Millions of homes nationwide have “underwater mortgages” meaning ...

I had a checkup with my cardiologist, Dr. Gregory Henes, the other day. The topic of my physical activity and exercise regimen came up, like it always does. Like always his answer was more and more exercise. However, this time I said that I am now able to walk our dog, which I couldn’t do until r...

Here is what I often hear: I can't stand my spouse and want to get a divorce. The only thing holding me back is that we have a house worth less than the mortgage and neither one of us can afford mortgage payments by ourselves. Therefore, we would have to sell before getting a divorce. Please, any...

There are two stages of acceptance in a short sale. First the seller accepts the buyer’s offer, then the short sale lender has to accept the offer. The lender may counter in many ways; There is a possibility that the lender will respond with a counter offer HIGHER than the price that the Buyer an...

In today’s housing market, eliminating the marital mortgage debt may be more important than dividing up the marital property. Selling and getting rid of the house also gets rid of the mortgage debt and the mortgage payment. If the mortgage payment is too high and unsustainable then keeping the ho...

What Are The Main Reasons Short Sales Fail? A skilled short sale expert Realtor can close a high percentage of short sales. However, some short sales will not close. Here are the main reasons short sales fail: The second mortgage companies dictate terms that are impossible to meet. The foreclosin...

One of the biggest fears of borrowers facing foreclosure is the bank’s right to pursue them for the difference after the foreclosure is done. A Short Sale May Relieve You Of All Obligation on the Debt Many borrowers do not realize that a short sale could lead to full forgiveness of the deficiency...