Divorce Liens: Allowing One Spouse to Keep the Family Home
Faculty Member: Lorelei Stevens, Real Estate Broker
Facilitator: Diana Shepherd, CDFA®, Editorial Director and Co-Founder of Divorce Magazine
The owner of Wall St. Brokers and a licensed real estate broker herself. Lorelei Stevens is a qualified expert witness in privately-held real estate notes, and she’s here today to talk about divorce liens – an innovative product that allows one spouse to stay in the family home while the other gets a note and deed of trust secured by the property. More
Lorelei Stevens has taught Legal Continuing Education seminars and has written numerous articles for legal, real estate and other professional publications on the subjects of seller-financing, managing, reinforcing and buying paper. She is the author of two books, one on seller-financing and another on note buying.
This session will discuss:
- What is a divorce lien?
- What makes someone a good candidate for a divorce lien?
- How does someone arrange for a divorce lien? Do they need a lawyer?
- How does a divorcing couple decide how long the term for the lien will be?
- If the husband decides to sell his divorce lien, does he have to pay income tax on the money he receives?
- How long does it take to receive the cash in exchange for the divorce lien?