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Claims of Reimbursement

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sandiegomom

Junior Member
My state is California - If I put $45K of my separate property money into the first home we purchased for $450K and then we sold that home and put the money into a 2nd home then sold that home and put the money into the current home which is valued at $850K, how much money am I owed as reimbursement for my original $45K? Thanks.
 
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Bali Hai

Senior Member
sandiegomom said:
My state is California - If I put $45K of my separate property money into the first home we purchased for $450K and then we sold that home and put the money into a 2nd home then sold that home and put the money into the current home which is valued at $850K, how much money am I owed as reimbursement for my original $45K? Thanks.
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$45k plus half the earnings on it.
 
LdiJ

LdiJ

Senior Member
sandiegomom said:
My state is California - If I put $45K of my separate property money into the first home we purchased for $450K and then we sold that home and put the money into a 2nd home then sold that home and put the money into the current home which is valued at $850K, how much money am I owed as reimbursement for my original $45K? Thanks.
Click to expand...
None. CA is a community property state and as soon as you put the separate property (45k) into a community asset it ceased to be separate property. You are going to be splitting the equity in the home 50/50.
 
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