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Old 11-14-2011, 12:38 PM
metro metro is offline
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Quote:
Originally Posted by thethanksiget View Post
Can anyone with knowledge of this matter respond and confirm this? Does the spouse that continues to pay the mortgage + property taxes and house insurance benefit from the reduced principal and tax and insurance payments from the time of seperation to the time of sale of the matrimonial home?
Makes perfect sense. Answer please.
I believe that equalization only deals with the equity of the house at the separation...unless parties agree to share sales profit and deduct all the cost paid after separation. Or, if a spouse stays home but the only the other spouse keeps paying all the bills for the house, interest, hydro,gas, and tax...that can be claimed as "occupancy rent", but you need to have this on your application.
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