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?
Sell it as a way to terminate that part of your life. Your kids get new
rooms and all.
Stephen Russell
DBA / .Net Developer
Memphis TN 38115
901.246-0159
"A good way to judge people is by observing how they treat those who
can do them absolutely no good." ---Unknown
http://spaces.msn.com/members/srussell/
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