Resolving Ownership of a Marital Home Through a Divorce Lien

When a couple decides to end their marriage and get divorced, there are a wide variety of legal issues that must be resolved. Determining how to divide marital property is often one of the most complicated aspects of a divorce, especially when spouses own a home together.  In some cases, a couple may decide to sell their home and divide the proceeds, but often, one spouse wishes to retain ownership of the home, especially when they want their children to continue living in a familiar environment and avoid having to transfer to a new school district. If a spouse does not have the financial resources to purchase their former partner’s share of the home, they may want to consider a divorce lien. Understanding Divorce Liens When couples utilize a divorce lien, the spouse who will not be living in the house signs a deed conveying the title to the property to the other spouse. The spouse who remains in the house will sign a payable note and a deed of trust to their…

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