community property question

[dlbLA]

What is the name of your state? Louisiana

I wish to buy the family home which is community property. My question is what appraisal value is used. The value of the house when we were separated or the value at present.
Due to Katrina the value of the house over the past year has increased about 30%.

We were separated before Katrina and someone told me that they thought the value would go back to the time of separation. It doesn't sound right to me but it makes a huge difference so I thought I would ask.

Thanks in advance for any help I may receive.

dlbLA

 

[nextwife]

The value should be that of the property up until the point that the other party is paid out their equity. Your STBX did NOT have their equity to reinvest into something else as of the date of seperation. So they should be paid the value as of the CURRENT date, or a future date when they get paid off and refnanced off the mortgage.