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Financial Issues This forum is for discussing any of the financial issues involved in your divorce.

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  #1  
Old 09-19-2012, 08:35 PM
ftmomont ftmomont is offline
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Default Matrimonial home question

Both names are on the matrimonial home.
It was bought february 2009 --267 000
Separation date september 2011---mortgage owing 242 000
I made the down payment and all the mortgage payments and bills
I also paid for repairs,maintenance and renovations ($15000 +)

So on Financial statement form--- the value of the house and the percentage %---what should I have put.....?

Because he is asking for the sale of the house or for me to buy him out--does it matter that it was all my money anyways or is it 50-50?
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Old 09-20-2012, 06:36 AM
standing on the sidelines standing on the sidelines is offline
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Originally Posted by ftmomont View Post
Both names are on the matrimonial home.
It was bought february 2009 --267 000
Separation date september 2011---mortgage owing 242 000
I made the down payment and all the mortgage payments and bills
I also paid for repairs,maintenance and renovations ($15000 +)

So on Financial statement form--- the value of the house and the percentage %---what should I have put.....?

Because he is asking for the sale of the house or for me to buy him out--does it matter that it was all my money anyways or is it 50-50?
you own 50% and owe 50%. It sucks that you forked out all the money (why didnt he pay anything?) but it is the marital home.
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Old 09-20-2012, 09:48 AM
OrleansLawyer OrleansLawyer is offline
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It sucks that you forked out all the money (why didnt he pay anything?) but it is the marital home.
Whoever put out the money will not have made a difference. Either you had the money in another form at the marriage date - and thus can deduct it - or it was earned during the marriage, in which case it would be equalized anyways.
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