puyallup83
Junior Member
I don't know how to deal with an aspect of being able to retain my home in a possible divorce. I plan to keep it if possible, and refinance enough to give my husband his share of equity. Our house is worth 250K, which we refinanced last fall. In the refinance we rolled in the 30K balance of a home equity loan we obtained in spring of 2008. The loan was used so my husband could buy his business. Our mortgage balance is currently 150K, leaving us with an equity of 100K, or 50K for each of us. Is is reasonable to deduct his 30K from his share, leaving him with 20K for me to "pay off" to him? Is there a different way to look at this? If it became a fight, would the courts look at this 30K (debt) as something we have to split? (We live in WA state, a community prop. state, and his business is in his name only (and not a corp). Thanks for your assistance.