Houes Equity: Is it a equal split?

[Jamj2]

My spouse and I are getting a divorce. Therefore, we are selling our house in California. We haved owned the house for three years, and during most of that time she has paid a larger portion of the mortgage. For most of the time it was probably a 60/40 split. When the house sells would this fact entitle her to a larger portion of the money from the house? Is it split 50/50 because it is community property?

 

[I AM ALWAYS LIABLE]

My spouse and I are getting a divorce. Therefore, we are selling our house in California. We haved owned the house for three years, and during most of that time she has paid a larger portion of the mortgage. For most of the time it was probably a 60/40 split. When the house sells would this fact entitle her to a larger portion of the money from the house? Is it split 50/50 because it is community property?

My response:

I don't care if she paid 100% of the mortgage. California is a Community Property State and everything is split 50/50.

IAAL

 

[I AM ALWAYS LIABLE]

Re: Mortage Equity

I don't care what IAAL says: If you're a decent guy, you'll split the equity the same way you paid the mortgage. After all, fair is fair.....If she carried you, then it's your turn to carry her...

My response:

I'm not talking about morals ("decent guy").

I'm talking about the law ("50/50").

So, if you wish to talk about "morals", let me know so I can skip your post. If you want to discuss what is, or is not, the law then I'm your man.

IAAL