Legal Question in Family Law in Georgia
After filing for divorce my soon to be ex borrowed money from his family and purchased a forclosure below FMV. He wants 1/2 the equity from the family home where our children and I live. Based on tax assessments, his house has more equity than our marital house. Am I entitled to 1/2 the equity in his house?
Asked on 9/30/09, 10:22 am
1 Answer from Attorneys
Glen Ashman
Ashman Law Office also dba Glen Ashman Attorney
Georgia doesn't have community property. We have "equitable division" which means either of you MAY have claims versus the other and they may or may not be 50-50.
Answered on 10/05/09, 10:29 am