Legal Question in Family Law in Indiana
property
My ex husband has decided he wants the house that we agreed to sell. We owe about $132,000 on the house and its appraises at 140,000. Am I entitled to anything?
He is in the process of refinancing it with his gril freind.
Thanks
Asked on 5/26/04, 8:10 pm
1 Answer from Attorneys
Mary Ann Wunder
Wunder & Wunder
Re: property
If your decree specifies that any equity be split after sale, then you are entitled to the difference in the appraised value and the balance of the loan if he decides to keep it or in this case about $4,000. Remember if you sold it, the costs of the sale would probably "eat up" the equity, so if he refinances, then you are coming out ahead with half the equity.
Answered on 5/29/04, 11:54 am
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