Legal Question in Family Law in Washington
Equity of the home
I moved out 3 years ago of our family
homeI filed for divorce there has been
ongoing paperwork back and forth to
each other-but no paperwork was ever
signed from a judge. my question is--
we recently sold the family home-my
husband said sence he has been paying
the mortgage for the last 3 years he's
entitled to the majority of the equity.the
equity is 95,000 and he wants to only
give me 20,000. He said because in the
last 3 years the property values have
gone up so much. What am I entitled to?
1 Answer from Attorneys
Re: Equity of the home
A fair and equitable distribution of all property and debt. The house does not stand alone, and must be considered in the context of all property and debt as well as the relative financial strength of the parties, and contribution of separate property. Fair and equitable does not necessarlily mean 50/50.