My sister and husband owe $157,000 on their home. My sister wants to keep the house. The house is valued at $315,000. How much money does she need to buy out her husband?
thank you. A.S.
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My sister and husband owe $157,000 on their home. My sister wants to keep the house. The house is valued at $315,000. How much money does she need to buy out her husband?
thank you. A.S.
50% of the difference between what is owed and the home's value plus the amount owed to the bank. Assuming it is a straight split. Ultimately, whatever the divorce agreement says.
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