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Reply to "Calculating how much to claim for portion of house value during divorce"
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[quote=Anonymous]The house was purchased by STBX before the marriage, so my name is not on the title. However, STBX used marital income to pay down the mortgage during the marriage. My lawyer has told me that I therefore have a legal stake in the house. To come up with an equitable amount for this in the divorce settlement, would you base it on appreciation of the house (substantial) during the marriage, or on how much of the mortgage was paid down during that time? I can easily calculate the former by looking at neighborhood home prices online, but it might take a long time to get access to the records to figure out the latter. Is there any relatively easy way for me to estimate how much of the mortgage would have been paid down, without having access to all the mortgage documents? I can look up the initial home sale price and I know roughly how much the monthly mortgage payments were, but I'm not sure about the interest rates or mortgage terms, etc. FWIW, while we were living together in the house, but before we got married, I paid rent to STBX (which ultimately went toward mortgage payments during those years). I also contributed a lot of time, labor and money to home renovations before we were married. [/quote]
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