I am in my early 30s. I was married for 7 yrs. My divorce was final in February of 2007.
As part of the settlement, I bought her out of our house. The housing market and economy have of course since soured. When I had the home appraised to buy her out, it appraised for about $100K more than it would today.
So we settled by my paying her half of the expected equity in the house. I am also having to pay her spousal support (we have no kids).
Since that settlement was based on the equity, and the equity has since disappeared...is there potential to have the settlement renegotiated?