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12-29-2006, 01:40 PM
| | Junior Member | | Join Date: Oct 2006
Posts: 20
| | | Can I sell my home for $1000?
What is the name of your state? ca
Well im going through a divorce and my wife is pretty much getting half. But is it possible to sell my home ($900,000) to a friend or relative for $1000? Then I will only have to give her 500 dollars. Then buy it back from that person. Is this possible? |
12-29-2006, 02:02 PM
| | Member | | Join Date: Jul 2004
Posts: 226
| | | I'M NOT A LAWYER!
That is probably considered fraud of one sort or another. |
12-29-2006, 02:11 PM
| | Senior Member | | Join Date: Nov 2005 Location: South Cackalacky
Posts: 15,044
| | Quote:
Originally Posted by Warped  I'M NOT A LAWYER!
That is probably considered fraud of one sort or another. | Yep, it can be done. But, you won't have the opportunity to buy it back from the family member, and you will be responsible for paying your wife her half of what you SHOULD have sold the house for.
Idiots, today? (not you, warped) |
12-29-2006, 02:12 PM
| | Member | | Join Date: Sep 2006 Location: Panama City, FL
Posts: 883
| | | I would suspect you would need an appraisal to sell marital property and it would be appraised for more than $1000.... |
12-29-2006, 02:25 PM
| | Senior Member | | Join Date: Jun 2004 Location: "Harvey and Me"
Posts: 25,177
| | | Yes, you can sell the home for $1,000. but since the home is marital property, and depending on if the court has already ruled or if her name is on the deed, SHE will also either have to sign the deed or you can go to jail for fraud upon the court, grand theft or both.
and you will also have a visit from the IRS.
now for everyone else who is reading this, THIS POST is the definition of ASS HOLE!
__________________
Just because I'm a miserable human being doesn't mean I'm not right... |
12-29-2006, 03:19 PM
| | Junior Member | | Join Date: Oct 2006
Posts: 20
| | | thanks for the replies
thanks, I was just wondering because someone had mentioned it to me. So I thought I would ask.
another thing, I have given her over 300,000 outside the courts thinking we were on good terms. stupid me. then on my birthday she serves me with divorce papers and now its getting ugly. so I think I have every right to be an *******. that lying cheating bitch!
but thanks anyways, any other suggestions would be awesome  |
12-29-2006, 05:31 PM
| | Senior Member | | Join Date: Oct 2006
Posts: 1,125
| | | Sure you want to divorce you sound like a lovely couple? |
12-29-2006, 09:01 PM
| | Senior Member | | Join Date: Nov 2005 Location: South Cackalacky
Posts: 15,044
| | Quote:
Originally Posted by jaysar25 thanks, I was just wondering because someone had mentioned it to me. So I thought I would ask.
another thing, I have given her over 300,000 outside the courts thinking we were on good terms. stupid me. then on my birthday she serves me with divorce papers and now its getting ugly. so I think I have every right to be an *******. that lying cheating bitch!
but thanks anyways, any other suggestions would be awesome | The only advice that I have is for you NOT to spend over $3 million on attorneys like my parents did. They're both broke now!  | |
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