Legal Question in Family Law in Colorado

We purchased a house which I am on, however i was taken off the mortgage when we refinanced earlier this year. It's my understanding he would have to buy me out of half the value of the house. If we were to sell the house would I still get half the value since I'm not liable for the mortgage? Or would the mortgage be paid off first and then the remaining balance split between us? Just trying to figure out where I stand financially before the divorce moves forward.


Asked on 7/18/16, 6:09 am

1 Answer from Attorneys
Stephen Harkess Colorado Legal Solutions

The mortgage company has to get paid before there will be any proceeds for the owners to split. You are splitting the equity, not the entire value of the house.

Read more
Answered on 7/18/16, 7:59 am


Related Questions & Answers

More Family Law, Divorce, Child Custody and Adoption questions and answers in Colorado