What is the name of your state? Texas.
My father financed a house prior to his marriage on June 3, 2003. The total price paid for the house was $120,000.
He owed $40,000 on his mortgage on June 3, 2003, the date of his marriage, which he ultimately paid off, arguably using community funds to do so. The deed was and is in his name only. Does he own his entire house as separate property since he had a deed at the time of his marriage or does he own only $100,000 of the equity ($80,000 he had built at the time of marriage plus one-half of the $40,000 equity arguably obtained with community funds) with his wife arguably owning $20,000 of the equity, which is one-half of the $40,000 equity arguably paid with community funds.
My father financed a house prior to his marriage on June 3, 2003. The total price paid for the house was $120,000.
He owed $40,000 on his mortgage on June 3, 2003, the date of his marriage, which he ultimately paid off, arguably using community funds to do so. The deed was and is in his name only. Does he own his entire house as separate property since he had a deed at the time of his marriage or does he own only $100,000 of the equity ($80,000 he had built at the time of marriage plus one-half of the $40,000 equity arguably obtained with community funds) with his wife arguably owning $20,000 of the equity, which is one-half of the $40,000 equity arguably paid with community funds.
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