QUESTION
What are my rights to a home deeded in both our names in a divorce?
Asked on Jan 29th, 2015 on Divorce - New York
More details to this question:
married 3 years. home bought in 6/14 husband made down payment 20% mortgage is in his name. Does he have to buy me out of my half of the value of the home?
1 ANSWER
Not necessarily. Depending upon the source of the funds used to purchase the home and the rest of the settlement a) it would be equity at issue, not the value of the home; b) it may not be 50%, and c) he does not have to buy you out - the court could require that the home be sold.
Answered on Feb 03rd, 2015 at 4:27 AM