Ask Experts Questions for FREE Help !
Ask
    precious0980's Avatar
    precious0980 Posts: 22, Reputation: 1
    New Member
     
    #1

    May 4, 2007, 12:57 PM
    Title of home equity
    I'm married to my husband more than 2 years now. Last year we paid it off his house. A few day ago we talked about buying a share of his ex-wife in the house. My question is, Is my husband ex-wife is entitled to the total amount of the house or she is just only entitled to the equity during there divorced?
    GV70's Avatar
    GV70 Posts: 2,918, Reputation: 283
    Family Law Expert
     
    #2

    May 5, 2007, 03:40 AM
    Quote Originally Posted by precious0980
    I'm married to my husband more than 2 years now. Last year we paid it off his house. A few day ago we talked about buying a share of his ex-wife in the house. My question is, Is my husband ex-wife is entitled to the total amount of the house or she is just only entitled to the equity during there divorced?
    It has to be cleared in their divorce act...
    AW805's Avatar
    AW805 Posts: 283, Reputation: 43
    Full Member
     
    #3

    May 6, 2007, 03:10 PM
    You need to take a look at their divorce decree. I'm surprised this hasn't already been taken care of through the divorce proceedings. Meaning, he may have been required to pay her 1/2 of the equity at the time of the divorce. However, there may be a clause in the decree that states upon resale she will receive a portion of the proceeds or maybe they agreed that she would receive nothing and her named should have been removed from title. Bottom line, read the divorce decree.
    precious0980's Avatar
    precious0980 Posts: 22, Reputation: 1
    New Member
     
    #4

    Feb 21, 2008, 08:14 AM
    Their divorce decree it say's: she is willing to quit claim as long as my husabnd will make a payment and pay her part. But during their divorce my husband still owe the house and his the one who make the payment every month until we paid off 2 years ago.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

A home equity collection [ 4 Answers ]

Hi, Last year I lost a home I owned to foreclosure I had a first mortgage and then I took out a HELOC on top of that as a second lien. I recently got in the mail from a collection agency stating that they want to collect the 78K that I owe on the HELOC. My question is, I thought it was a...

Home equity loan [ 1 Answers ]

I have a couple of questions in regards to obtaining a home equity loan. I will give some background as it is an unusual situation. My wife and I live in Auburn, Alabama. When we married and moved here in 2001, she owned a house in Birmingham, Alabama (about 120 miles away). Before she was...

New home addition -home equity loan or remortgage [ 1 Answers ]

I am 54yrs old and have only 3 yrs left on mortgage.. I want to put on a new addition to house and looks like I will have to borrow $80,000.. Do I want to do home equity or remortgage? I would like to retire in 11 yrs or less

Home equity and bankruptcy court [ 1 Answers ]

I filed a chapter 13, 19 months ago. Now I'm selling my house, which was not included in the matter, nor is their any leins against the house. Can the bankruptcy court take any of the equity money from the sell of this house?


View more questions Search