Item: Jonathan D. Katz
Rating: 5
Author: Greg Weaver

Jumbo Mortgages

Kingston Divorce, Asset, Property & Mortgage Attorney Helping Clients in Dutchess, Orange, & Ulster CountyWhat do You do When Neither of You Wants the House?

If you have taken out a jumbo mortgage as a married couple, you have probably discovered that the property can be as much a curse as an asset. If you are going through divorce, determining who gets the house takes on an entirely new meaning when overwhelming debt means you get more problems than benefits.

If you are considering dissolution of your high net worth marriage or partnership with someone you share a jumbo mortgage with, you will need to protect your rights. Under New York law, debt is considered marital property, just as much as financial assets are. The appraised value of large homes is often less than the amount owed on a jumbo mortgage. Protecting yourself from the burden of monthly payments or selling the property can be an important part of your final settlement.

New Paltz Divorce & Finance Attorney

At the law firm of Jonathan D. Katz, Attorney at Law, in Saugerties, New York, I have been representing the rights and financial interests of people of high net worth for more than a quarter of a century. As an experienced property litigator, I know the strategies often used by opposing attorneys place an incorrect value on the property or assign inappropriate responsibility for the debt and taxes on the property.

During your consultation, we will discuss issues relating to equitable distribution and distribution of debt, including:

Complex property valuation and division
Real estate tax concerns and home equity loans against your jumbo mortgage
Appreciated value of the home over the duration of the marriage
Was the home owned by one party prior to the marriage, transmutation of property

Contact a Highly Skilled Divorce Attorney for Mortgage Issues

The practical demands of New York divorce practice tend to reward the party whose lawyer is experienced in the detailed examination and analysis of property division problems such as real estate and mortgage debt. If your marital estate features difficult problems of valuation or characterization, contact us calling (845) 328-2159 or toll-free (866) 843-6388 or fill out the online contact form to schedule your consultation with Jonathan D. Katz.

★★★★★

I was living a nightmare of being falsely accused in a judicial system that considers all fathers to be dead beat dads until proven innocent. Living out of state and facing the possibility of jail, I miraculously found Jon’s website and called his office. Within a week the tables were turned, the lies were exposed, and the harassment was stopped. If you need someone that will challenge the system, then you need Jonathan Katz. Greg Weaver

Jon’s integrity towards his clients is what makes him a standout attorney. He makes it a priority to know what's important to you. You’re not just a number. He is upfront with you right from the start. He will not string you along just for his financial benefit. He is only willing to settle the case if that's truly what you want. Anytime I called him I received a call back from him that day. Not someone else in the office. He is an attorney that has a passion for what's important to his clients. John Morrissey

Being a single mom, I had enough stress in my life. I had no idea how to go about protecting myself. My daughters were my priority. Jon walked me through the process. He turned a difficult time into a workable solution. Diane Chiriani

Jon thinks well, works to be clear and honest. He works to get to a strong argument. He seems to have a good working relationship with everybody at the courthouse. I get the feeling he has no trouble thinking like a judge. He is friendly and courteous. He doesn't overbill. He takes and returns calls promptly. His legal staff is friendly and competent. What's not to like? Rick S.

I liked that there was always transparency throughout my case. Genevieve H.

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