I'll tell you the story of my house. My husband bought it with his first wife. (Sort of - she didn't work). His grandfather loaned him the down payment. He had the loan recorded, and a formal lien placed against the home. When they got divorced, the ex wanted the house. Although the house had appreciated, they had refinanced, and there was no equity. And Grampa told her he would call his portion of the loan if she got the house - he didn't want to be her creditor. My husband offered her $20,000 if she would wait 12 months until he was in a position to refinance (due to rising real estate values. She took it, and still complains he "stole" the house from her.
Fast forward. I moved in 7 years ago. We've been married for 5. He owned the house maybe 12 years before our marriage. That said, since moving in, I pay the mortgage each month. I pay probably half the utilities and taxes. And probably about a third of any maintenance or improvements on the house.I've also done a lot of work - tiling, painting, landscaping etc... So, if we got divorced, should I not be entitled to half the equity in our home? (I believe that's how the law looks at it).
Anyway, if you had left your inheritance/ gift money in a fund collecting interest, it's not the same as having a house. The fund doesn't have heating bills that need paying, or flowers that need watering.
|
Previous
Index
Next
Flat
Re: HELP NEED SOME OPINIONS ANSWER GUY?
Edit
Reply
Quote
