GETTING A DIVORCE LIEN

Here are the basics:

• You must be represented by a lawyer in a divorce.

• You must own a home.

• When it's time to decide what to do with the house, you must:
          ◦ agree that one of you gets the house.
          ◦ agree that the other gets a note secured by the property.

If you can get that far, you can arrange a Divorce Lien.

Here's how:

Ask your lawyer about a divorce lien. Your lawyer will need to know:

• How much is the house worth?
  ◦ If you don't know, you can order an appraisal by a licensed real estate  appraiser.   

• How much do you owe on the house?
  ◦ If you don't know, ask the people you send your house payment to.   

• How much equity do you own in the house?
  ◦ Subtract how much you owe from how much the house is worth.

You lawyer will also need to know:

• All of your financial information, including both incomes, assets and debts.

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