supermom07
Junior Member
What is the name of your state? Georgia
I have been divorced for two years. I was allowed to have temporary rights to the house we shared for two years. Long story short, I am about to refinance the property into my own name. My decree states that if I do that I need to pay my ex 1/2 of the property's appraised value. I am thinking that this means that by refinancing, I am taking over his half of the mortgage and thereby by "paying" him 1/2 of the property's value by paying off his half of the mortgage. There is no equity in the property. Thanks for your help.
I have been divorced for two years. I was allowed to have temporary rights to the house we shared for two years. Long story short, I am about to refinance the property into my own name. My decree states that if I do that I need to pay my ex 1/2 of the property's appraised value. I am thinking that this means that by refinancing, I am taking over his half of the mortgage and thereby by "paying" him 1/2 of the property's value by paying off his half of the mortgage. There is no equity in the property. Thanks for your help.