In my search, I came across this thread.
http://www.ottawadivorce.com/forum/f...48/index2.html
I am in a similar situation and want to see if there are any new thoughts.
In 2002 I sold my house and purchased a new home with my common-law partner.
I put $200k down on a $400k house, which was in both our names. I put the large downpayment down to keep the mortgage in a range we could afford.
Over the course of the next 13 years, we both paid the mortgage and bills equally. She left in 2015 and we are still working to settle everything.
The only point of contention, is the downpayment.
I was under the impression that in a common law situation, except for claims of unjust enrichment, etc...we generally leave with what we brought.
What happens to the downpayment?
If the house is worth $450k...with a $100k mortgage +line of credit $50k used for repairs...
$450k-$200k downpayment=$250k-$150k mortgage=$100k which would get distributed equally or is there another calculation?
I'm confused and want to get others thoughts.
http://www.ottawadivorce.com/forum/f...48/index2.html
I am in a similar situation and want to see if there are any new thoughts.
In 2002 I sold my house and purchased a new home with my common-law partner.
I put $200k down on a $400k house, which was in both our names. I put the large downpayment down to keep the mortgage in a range we could afford.
Over the course of the next 13 years, we both paid the mortgage and bills equally. She left in 2015 and we are still working to settle everything.
The only point of contention, is the downpayment.
I was under the impression that in a common law situation, except for claims of unjust enrichment, etc...we generally leave with what we brought.
What happens to the downpayment?
If the house is worth $450k...with a $100k mortgage +line of credit $50k used for repairs...
$450k-$200k downpayment=$250k-$150k mortgage=$100k which would get distributed equally or is there another calculation?
I'm confused and want to get others thoughts.
Comment