Hello y Hola
I'm Peter Hudson. I am a licensed real estate agent and REALTOR® in the State of Arizona and I have the special designation as Real Estate Collaboration Specialist - Divorce (RCS-D). This designation means I have specialized training with divorce situations in real estate transactions.
I specialize in helping and representing couples who plan to divorce avoid expensive and long-lasting mistakes with their family home with compassionate explanations of all possibilities with the marital home.
Although my information will help anyone who is planning to divorce, my information will be particularly helpful to those who are preparing an uncontested divorce (as much as possible - I know, I've been there!) and who are at least being amicable in the decision.
Remember, Arizona is a Community Property State. You can read more about this at this link: Community Property State Explained
Look around and if I can answer any real estate related questions for you please reach out.
What Is House Due Diligence?
In a normal home buying process, the home inspection which is performed by a licensed home inspector is how a prudent home buyer goes about making sure the purchase of a particular home is a good idea.
Every house will have its problems, but it is essential to identify the problems before closing or you may end up making a very costly mistake.
Home Inspections Are Necessary Because of Complacency
When people live in a house for many years they can become complacent in regards to the maintenance of their home. They have a list of things that need to be repaired, but for various reasons, they do not get to the repairs. Does this sound familiar?
These needed repairs are one of the things that take away from the equity in a house and it’s the equity that is divided in a divorce situation.
Having a home inspection is just one of the many House Due Diligence items that should be addressed during the divorce, but there are many others such as:
A Title search – the title search shows true ownership of the house
A Lien Search – the lien search can show you how many mortgages or tax liens are on the house
HOA Search – a check with the HOA can show potential HOA special assessments or unpaid assessments that must be cleared prior to the house changing hands
In a divorce situation, less than 3% of the couples divorcing will go through the House Due Diligence process, and this can be bad news for the couple in an equitable split of the assets and debts.
Here’s an Example of What Can Go Wrong
A husband and wife were divorcing. The wife requested to keep the marital home, she and her husband had lived in for more than 15 years.
Over the last decade, the two had become rather complacent and did not maintain the home properly.
During the divorce process, the wife did not have any House Due Diligence performed stating that she knew the house very well. The wife received the marital home in the divorce settlement.
Five weeks after the settlement was finalized a major storm revealed the roof of the house had developed leaks, and the leaks allowed mold to develop behind the walls. Not only did the woman need to replace the roof, but she also had a mold abatement issue that had to be addressed. The cost to make the repairs? $20,000.
Proper House Due Diligence could have revealed the needed repairs, and the repairs could have been negotiated in the divorce. As it turned out, the problems were discovered once the house was solely in the hands of the wife, and the repairs were completely her responsibility.
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What I Do:
I specialize in helping couples who plan to divorce avoid making expensive and long-lasting mistakes with their marital home.
Although my information can help anyone who plans to divorce, it is best suited for those who are not contesting the divorce (too much) and are as amicable as possible.
How Do I Do This?
I do this by helping people completely understand all of their options with the marital home including keeping the home, selling the home, and explaining why house due diligence, updated credit reports, and title searches can be beneficial.
I explain to our clients how their decisions with respect to the home can impact their quality of life for many years to come.
I explain to our clients how they need to prevent credit damage and preserve their ability to buy a home in the future.
With the information I can provide, divorcing couples can make better decisions and perhaps avoid making expensive and long-lasting mistakes.
I can also introduce the couple to other professionals, such as mortgage counselors and title search professionals.
For Attorneys and Mediators - How I Can Assist Your Clients Make the Best Decisions for Them?
In my real estate business, I explain to our client's many details about their joint home purchase and what they should consider regarding the family home before filing for divorce, during the divorce, and their life after the divorce (and how it relates to the marital home.)
The couples who can benefit the most from my services are those who are considering an uncontested divorce and/or who are willing to discuss these matters as amicably as possible.
If the couple has the attitude that they are going to take the other one for all they have we are not a good match.
I Do Not Take Sides
I'm often asked by clients who are heading for divorce 'whose side are you on?' They are usually surprised to hear that I'm on the side of both. I want the couple to make the best choices for both, and make the best decisions for their futures because there is a light at the end of the tunnel. I know, I have been there!
Why Do I Do This?
I do this in the interest of helping my clients protect their credit ratings and to preserve their future homeownership capabilities.
If the couple decides to sell the marital home I hope that the information I shared has been helpful and they will consider me for the listing of the house.
Less Than 1%
Less than 1% of all real estate agents have the Real Estate Collaboration Specialist - Divorce (RCS-D) designation. Agents without this designation could just be guessing how to advise you through this difficult time, we'll give you the facts that only professionals with our specialized training can provide.