Good morning,
I wanted to share my situation in more detail to see if I could get some opinions or advice. When I first posted back in November, I thought it was going to be an amicable divorce, but I can see things beginning to get a bit ugly. At first I was ready to move out and let my soon to be ex wife have the house, but I admit I'm starting to have second thoughts about it.
When the mortgage renewal came up in January, I still wasn't mentally prepared to start the process of separation/divorce. We signed another 5 year closed mortgage.
We paid $287,000 for our house in 2013. I put $50,000 or so as a down payment. The mortgage balance is now $196,261, so I believe there is around $90,000 in equity, or around $45,000 each. So at least $45,000 belongs to her no matter what. I'd like to think that $45,000 is mine, but apparently since I had the misfortune of having my father die, I am a 'selfish greedy bastard' (her words) for wanting my half of the equity, despite having received a large inheritance after he died ($300,000, which I keep in a different bank altogether with only my name on the account).
Does anyone think I am greedy for wanting $45k on top of my already large inheritance ($300k)?
We bought a dog in 2015 - my stbx paid for the dog using her credit line. I didn't want a dog at the time and reluctantly agreed to pay for it several months later, but I have no proof that I did. I do almost all of the dog walking, taking her to the dog park etc if that counts. I want to keep the dog.
My wife wants to keep the house. She would be able to afford it as long as the mortgage payment stayed roughly the same. ($1,050 per month) I make $76k per year, she makes $60-65k or so. I make $500 more than her per month after taxes.
Is it possible to refinance a mortgage so that I can take my share of the equity out, but the mortgage payment would stay the same for her? That is what I want (but again, am I greedy?).
Her proposal is a bit different. She wants to keep the house, she wants all of the equity in the house. She'll let me keep the dog if I do what she wants. She feels that she is owed more than 50% for a number of reasons: that I wasted 10 years of her life, that I am abusive, etc.
If we were to both get lawyers and fight each other over my $45,000 share, how much money would this cost?
I wanted to share my situation in more detail to see if I could get some opinions or advice. When I first posted back in November, I thought it was going to be an amicable divorce, but I can see things beginning to get a bit ugly. At first I was ready to move out and let my soon to be ex wife have the house, but I admit I'm starting to have second thoughts about it.
When the mortgage renewal came up in January, I still wasn't mentally prepared to start the process of separation/divorce. We signed another 5 year closed mortgage.
We paid $287,000 for our house in 2013. I put $50,000 or so as a down payment. The mortgage balance is now $196,261, so I believe there is around $90,000 in equity, or around $45,000 each. So at least $45,000 belongs to her no matter what. I'd like to think that $45,000 is mine, but apparently since I had the misfortune of having my father die, I am a 'selfish greedy bastard' (her words) for wanting my half of the equity, despite having received a large inheritance after he died ($300,000, which I keep in a different bank altogether with only my name on the account).
Does anyone think I am greedy for wanting $45k on top of my already large inheritance ($300k)?
We bought a dog in 2015 - my stbx paid for the dog using her credit line. I didn't want a dog at the time and reluctantly agreed to pay for it several months later, but I have no proof that I did. I do almost all of the dog walking, taking her to the dog park etc if that counts. I want to keep the dog.
My wife wants to keep the house. She would be able to afford it as long as the mortgage payment stayed roughly the same. ($1,050 per month) I make $76k per year, she makes $60-65k or so. I make $500 more than her per month after taxes.
Is it possible to refinance a mortgage so that I can take my share of the equity out, but the mortgage payment would stay the same for her? That is what I want (but again, am I greedy?).
Her proposal is a bit different. She wants to keep the house, she wants all of the equity in the house. She'll let me keep the dog if I do what she wants. She feels that she is owed more than 50% for a number of reasons: that I wasted 10 years of her life, that I am abusive, etc.
If we were to both get lawyers and fight each other over my $45,000 share, how much money would this cost?
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