On Mar 6, 2007, at 8:30 PM, MB Software Solutions wrote:
> 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?
I've always heard that if the market you are in is rising, sell it
now. If it is falling, take your 50% and let her deal with the downturn.
-- Ed Leafe
-- http://leafe.com
-- http://dabodev.com
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