<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by J143555: I recently married. My husband was divorced. His divorce agreement states that he and his ex-wife are joint tenants in common of the home they bought while married. She lived in that home for approximately one year. She has not contributed financially to it. He has asked her to sign a quit claim but she refuses unless he pays her an amount which is greater than the equity he has in the home. Can she, by law, do this? Would he be required to pay her half of what the equity was at the time of the divorce? Is there any easy solution to this? Thank you<HR></BLOCKQUOTE>
Does his divorce decree state who is responsible for expenses ie. mortgage payments, real property taxes, insurance etc.? Under the tenants in common ownership, his ex owns half the house and therefore can sell her ownership interest to anyone. She can ask any price for her share but should base her sales price at whatever her equity is using current fair market value of the property. |