Situation:
-STBX asked for a separation on August 15/21
-We bought the house for $378K in August 2018 and were married at the time
-We currently owe $286k on the mortgage
-Today a realtor came in for an inspection and value the house at $565k
-STBX Mother is on title of the home and the agreement was that if we couldn't pay mortgage payments she would be liable
Is the Property Value split 3 ways? Or because it's a Matrimonial home, is it split 50/50
I cannot find anything on the internet breaking down the equalization with 3 owners on title.
Any input is greatly appreciated.
-STBX asked for a separation on August 15/21
-We bought the house for $378K in August 2018 and were married at the time
-We currently owe $286k on the mortgage
-Today a realtor came in for an inspection and value the house at $565k
-STBX Mother is on title of the home and the agreement was that if we couldn't pay mortgage payments she would be liable
Is the Property Value split 3 ways? Or because it's a Matrimonial home, is it split 50/50
I cannot find anything on the internet breaking down the equalization with 3 owners on title.
Any input is greatly appreciated.
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