My ex moved out in Feb.2006. I haved payed all the mortgage payments and all household expenses since. What are the chances of buying her share of the house before a separation agreement is in place?
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I think you'll need the separation agreement in place. Because she moved out in Feb/06 that should be the date of separation in the agreement. You'll want to get a legal appraisal of the house as of that date.
You've left this a long time and may run into problems. She has not yet given up her rights to the home under FL act. If there has been appreciation in the home since 06 it may well be split. That you have been paying the mortgage would be a point of negotiation.
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I got credit for half the principal repayments on the mortgage, property taxes and insurance that I paid from the time she moved out to the time we settled, but that was deducted from the valuation of the house at settlement date, not valuation date. If you use valuation date, this adjustment won't be made.
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