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It gives the servicers more opportunities to keep charging lucrative fees and little incentive to seek a modification.
This regular payment schedule usually continues per the divorce settlement agreement until: 1) the spouse who's receiving it remarries (or, in some cases, cohabitates); 2) either party dies (keep reading to find more details about this); 3) either party goes to court to seek a modification based on a substantial change in financial circumstances.
If you're in a state where the support order stays in force until you seek a modification, you could be building up support arrears.
Similar(57)
Gypsum's petition for rehearing sought a modification of this position.
The disabled plaintiffs in Tennessee sought a modification of Tennessee's length of stay policy for Medicaid recipients.
Also Monday, a federal judge in California sharply rebuked the Justice Department for seeking a modification to a long-standing court settlement.
A bank wanted him to snap photos of a second site, a high-end house whose defaulting owners were seeking a modification.
They sought a modification of their home loan, but were rejected for reasons they claim violated rules of the program.
While Rosenwasser played an early role seeking a modification in that case, the client, Julio Salazar, only got one after a friend independently pestered the bank and sent in a complete financial package, without any help from Rosenwasser.
But often one side or the other will seek a temporary modification of the acquis, a "transition period".
Wilcox, a lawyer with expertise in real estate transactions, said she began having trouble paying the high-interest mortgage when her earnings as a sole practitioner slipped in 2007, leading her to seek a loan modification.
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CEO of Professional Science Editing for Scientists @ prosciediting.com