Equity in a divorce

[bs1021]

What is the name of your state (only U.S. law)? Wisconsin

To figure equity of a home, do you use the amount you owe as of your initial court date?What is the name of your state (only U.S. law)?

 

[mistoffolees]

What is the name of your state (only U.S. law)? Wisconsin

To figure equity of a home, do you use the amount you owe as of your initial court date?What is the name of your state (only U.S. law)?

First, keep in mind that the majority of divorces are completed in less than a year. Home equity just doesn't change that much in a year in most cases.

In practice, you'll probably need to get a formal appraisal done. The value will be based on that formal appraisal - not your estimate of the value at the time of filing.