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Relationship Discussion (non-explicit)
Reply to "Marital Home equity"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Thank you. I do not think he would want to sell the house, he loves the house. I realize that could change if it didn’t make sense financially but I am trying to get a better understanding for how the assets split/equity would work when one partner stays in the house. Loan PP — that makes sense. Actually now that I’m replying I think I’m confused about who pays what — if he stays in the house and lives there and I move out, he pays me for/buys me out of my equity share right? From my OP I was thinking that the moving-out partner paid the 50% share of equity in the house. Clearly I need to ask an attorney but I was trying to work some stuff out in my head prior. [/quote] If you move out and he wants to keep the house, you get it appraised and if there is any equity, you split that and then he buys you out of your share of the house. He can give you more liquid assets or take out a mortgage. [/quote] Thank you![/quote]
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