Ok so you guys have given some great advice so far. I'm expecting to have another appointment with my lawyer in the next couple of weeks. Our whenever the X hands in his financials. Onto the question, I purchased the house in my name. Used all my own funds to buy the house. We were married when I purchased it. Lived together in the house for 19 months. Some improvements have been done but when I figured out the numbers for realtor fees/lawyer fees/penalty for ending mortgage, the house would have to sell for 30k more then I bought it for to break even. I very much doubt that’s going to happen. He's been out of the house for almost 6 months. Hasn't payed any house hold bills since he's been gone. No equity at all in the home. (Damn interest) If he decides that he wants some sort of equalization payment, what happens to the money I've paid on the mortgage/taxes? Is that somehow deducted off his interest in the home?
Thanks again for any help!
Thanks again for any help!
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