Do you know that you can make money brokering divorce liens? Few people do, and that spells profits!

  
  Lorelei Stevens is always looking to buy divorce liens. If a person's "ex" owes them money on the family home, chances are they have a divorce lien. They don't have to wait years for their "ex" to pay them - they can sell their divorce lien note for CASH NOW (usually tax-free)!

    Lorelei is an expert concerning divorce lien sales, having 35 years experience. If you know someone who wants to sell their divorce lien, or if you want to learn more about divorce liens, please contact Lorelei personally!

   
    Check out her companion website:  www.divorceliens.com 

    Email:  lorelei.stevens@gmail.com
    Phone:  206-448-1160
    www.wallstreetbrokers.com
    www.divorceliens.com
    www.owelty.com
    www.marital-liens.com
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Is there a checklist for non-performing notes to tell the good from the bad? 

— Dan Bal

There is no checklist I’m aware of, but be sure you get this information:

1. What is the value of the property the note is secured by? Look at both full market, and REO value comps. Think about who the buyer would be. Is this an upscale area where the buyer would be an owner-occupant or a investor-driven area where the likely buyer is an investor? Make sure you are buying at a discount to whatever your likely value is.

2. Confirm property taxes and municipal lien amounts and especially any past due.

3. Confirm chain of title is in order — meaning the firm you are buying the NPN from has the assignment recorded in the county — OR if there are other unrecorded assignments you are confident that your seller has all proper assignments and legal authority to assign the loan to you.

Value and title are the 2 major things to review. IF these are correct you are a long way towards picking good deals.

Jack Krupey, Gemini Capital Managers

GeminiCapitalManagers.com

This article appeared in the THE PAPER SOURCE JOURNAL.  To read a sample issue and for subscription information, go to http://papersourceonline.com/  and click the tab "Paper Source Journal," then "Read a Recent Issue."  

For more info, click the tab "Paper Source Journal," then "Info/Subscribe."  

With your subscription you get access to THE PAPER SOURCE REGISTRY OF NOTE INVESTORS, the most accurate and up-to-date source of REAL end-investors available (since 1992).