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08-15-2010, 05:29 PM
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Location: Sonoran Desert
12,163 posts, read 13,712,463 times
Reputation: 5919
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The character of the property reflects the character of the funds used to purchase it unless you deed it otherwise (as community property). If your purchase money was separate property the value of the house equal to that is also separate property. Things get muddied after marriage when you co-mingle your funds, pay taxes, make improvements etc. She doesn't have to pay a dime to get an interest in it if the source of funds for such things is your wages or other community property. But she also does not get an interest greater than half of the value of improvements or appreciation, for example. The basis is still yours. You need to see a lawyer if she is giving you grief about it.
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08-15-2010, 06:56 PM
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Location: Anchored in Phoenix
1,631 posts, read 1,689,938 times
Reputation: 1066
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If that's what it is, marriage is like walking into a minefield. I know of guys who walked in the minefield and are headed back in. On their second or third marriages. I know much cheaper and legal ways to get the "intimacy" we men need. Nevada is next door.
Quote:
Originally Posted by Zippyman
If she contributed even $1 for maintenance or repairs she now has an interest in the house - even if she had signed a "disclaimer deed" at the time of purchase.
Community Property is community property.
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08-17-2010, 01:58 AM
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Location: Living on the Coast in Oxnard CA
8,052 posts, read 8,734,533 times
Reputation: 9345
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Quote:
Originally Posted by dario77
I purhesed home "Sole and Separate" ! At that time she still lived in europe waiting for her visa to get to US. But we got married before that (in europe).
Situation is even getting worse now because she left US and i want to sell my house soon
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You got married and bought a home 2 years ago for $200,000 cash. Now the love of your life is out of your life and several things have happened in the market. Now you want to sell and you want to sell soon.
If your concerned about her getting half your money you may want to consider that you may have already lost about half your money. Another thing to consider is that the market has more sellers than buyers so selling it soon is something that may take 9 months, a year, or more to do. If you plan on selling your home for $200,000 then plan on living in your home for the next decade or longer.
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08-17-2010, 03:58 AM
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1,046 posts, read 1,638,775 times
Reputation: 392
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You should have kept you $200k in the bank and got a mortgage.
At least you will know better next time!
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