Legal Question in Family Law in California
How much is due to husband and how much to wife?
Home one
1. Purchase price 9/1999 for 305,000 by husband
2. Amount of down payment 60,000
3. Amount of principal loan payments with separate funds 20,000
4. Fair market value at time of marriage 9/06 750,000
5. Amount of payments on loan principal made with community funds 12,000
6. Price sold for 9/09 530,000 (280,000 equity after closing costs)
also - in 3/09 the couple refinanced their home and lost 7,000 of the principal payoff
Fair market value at time put on title 3/09 530,000
Community fund upgrades 10,000
Separate fund - wife - upgrades 10,000
Home 2 bought 09/09
1. Purchase price 719,500
2. Amount of down payment 280,000 from sale of 750 24th ave
And 25,000 from wife's premartial funds
3. Amount of loan payments with separate funds - husband - 7000
4. Amount of principal loan payments with community funds 9000
5. Sale price $775000 (730,000 after closing costs)
10,000 wife's premarital fund upgrades
10,000 husband premartial fund upgrades
20,000 community property upgrades
Equity of 325,000
2 Answers from Attorneys
A rope over the top of a fence has the same length on each side, and weighs one-third of a pound per foot. On one end hangs a monkey holding a banana, and on the other end a weight equal to the weight of the monkey. The banana weighs two ounces per inch. The length of the rope in feet is the same as the age of the monkey, and the weight of the monkey in ounces is as much as the age of the monkey's mother. The combined ages of the monkey and its mother are thirty years. One-half the weight of the monkey, plus the weight of the banana is one-fourth the sum of the weights of the rope and the weight. The monkey's mother is one-half as old as the monkey will be when it is three times as old as its mother was when she was one-half as old as the monkey will be when it is as old as its mother will be when she is four times as old as the monkey was when it was twice as old as its mother was when she was one-third as old as the monkey was when it was as old as its mother was when she was three times as old as the monkey was when it was one-fourth as old as it is now. How long is the banana?
LOL Nicely put, Mr. Roach. What Mr. Roach is trying to tell you is that this is not a question for a free Q&A service. Call an attorney directly.