Well, as some of you know, I'm going through a divorce. The question I have is about the house: I was going to simply let her remain and take my 50% of the equity at divorce settlement, but someone told me that I'd get screwed somehow in that and that the house should be sold instead. To my understanding, it shouldn't matter, as the house equity is determined by the appraised value minus the mortgage balance. The appraised value is most likely what it would sell for, so again, to my thinking, isn't it the same regardless of selling versus her just getting a new mortgage and giving me my 50% equity share?
-- Michael J. Babcock, MCP MB Software Solutions, LLC http://mbsoftwaresolutions.com http://fabmate.com "Work smarter, not harder, with MBSS custom software solutions!" _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
