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phoenixrising
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Reged: 05/17/07
Posts: 41
Loc: SoCal
Question re: House
      05/18/08 10:50 AM (96.229.237.209)
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My husband is filing for divorce. He wants me to continue living in the house w/ our small children while he retains ownership in half the house. I'm no accountant but this doesn't seem fair to me in the long-run. First, at some point my alimony will run out and I will have to cover the mortgage payments. It doesn't seem fair that if we sell the house in the future that he will automatically get 1/2 the proceeds from the profits while I get the net difference b/w the equity and the cost. For ex. (excluding taxes and selling costs) if I pay-off the $200K loan and I sell the house in 5 years for 800K, he will net $400K while in effect I will net only $200K (the difference b/w my share of the equity and the mortgage I had to pay off). Also, I feel this arrangement doesn't give me any security b/c at anytime in the future he can force me to sell.
If the house sells now, at least I will have some alimony plus 1/2 of the full equity in the house. Does anyone else have experience with this or can give me some helpful suggestions. Any advice would be greatly appreciated! Thank you.

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Subject Posted by Posted on
* Question re: House phoenixrising 05/18/08 10:50 AM
. * * Re: Question re: House theanswerguy   05/19/08 11:57 PM
. * * Re: Question re: House Samsung   05/19/08 07:35 AM

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