QUESTION
What will happen for the real estate fees in divorce settlement?
Asked on Apr 13th, 2013 on Divorce - California
More details to this question:
I'm in the middle of a divorce in Los Angeles. My wife and I were married 15 years and have two children ages 10 and 8. She wants to buy me out of the house. Her attorney is arguing that a 7% Realtor/escrow/closing fee be deducted from the equity of the house. But my wife isn't selling the house. She plans to live in it with my two kids. I don't agree with the deduction in equity. How can I make my case? Thanks.
2 ANSWERS
Criminal Law Attorney serving Fremont, CA
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Steven J. Alpers, A Professional Corporation
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You don't have to pay 7% when it will not be paid. You need to fight it in court you probably need a lawyer.
Answered on Apr 16th, 2013 at 8:58 PM
Divorce/Family Law Attorney serving Carlsbad, CA
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Anne B. Howard, A Professional Law Corporation
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If there's a "buy out" the court does NOT reduce the buy out for realtor/closing costs/cost of sale. You will have to research the issue and argue it to the court, but it's an improper reduction.
Answered on Apr 16th, 2013 at 8:00 PM