C
chulita
Guest
Where: California
What: A married couple buys a house. The wife is unable to help the husband qualify, so his sister helps him purchase the home and then signs a quit claim deed, deeding her share to the wife. The down payment is money given by the husband's mother, she signs a gift letter.
Approximately eight years later the couple separates. At the time of the separation the house is in foreclosure. The wife saves the house from foreclosure, as well as pays back taxes on the house. The husband makes no financial investment in the house during their separation of approximately two years. The couple files for divorce.
Is the husband's mother legally entitle to receive the money she gave as a gift as part of a divorce settlement?
Does the husband's sister have any legal right to the house, or to request that the wife repays her a portion of the money the husband's mother gave as a down payment?
Does the husband has a legal right to be reimbursed the
amount his mother gave for the down payment, in addition to half of the equity?
The couple has children ages 12 and 15. Is it likely that they will be mandated to sell the house? If so how will the profits be spilt?
What: A married couple buys a house. The wife is unable to help the husband qualify, so his sister helps him purchase the home and then signs a quit claim deed, deeding her share to the wife. The down payment is money given by the husband's mother, she signs a gift letter.
Approximately eight years later the couple separates. At the time of the separation the house is in foreclosure. The wife saves the house from foreclosure, as well as pays back taxes on the house. The husband makes no financial investment in the house during their separation of approximately two years. The couple files for divorce.
Is the husband's mother legally entitle to receive the money she gave as a gift as part of a divorce settlement?
Does the husband's sister have any legal right to the house, or to request that the wife repays her a portion of the money the husband's mother gave as a down payment?
Does the husband has a legal right to be reimbursed the
amount his mother gave for the down payment, in addition to half of the equity?
The couple has children ages 12 and 15. Is it likely that they will be mandated to sell the house? If so how will the profits be spilt?