Can we use a private contract (like a property settlement note) to handle the division of real estate equity?
Maybe. Depending on the jurisdiction, a property settlement note or other private contract might be available, where one spouse agrees to pay the other a specified amount over time to settle their share of the property equity. This note may be legally binding and should outline the payment schedule, interest rate (if applicable), and consequences of default. This approach can be beneficial if immediate cash payment isn't feasible, but it requires trust and clear terms to protect both parties.
Post Real Estate
Learn the steps, considerations and potential challenges with transferring or handling real estate after a divorce is final.
Real Estate
Walk through various considerations when valuing, dividing or buying out equity in real estate.
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