ExpertLaw.com Forums

Alimony and Asset Division After a Short-Term Marriage

Printable View

Show 40 post(s) from this thread on one page
Page 2 of 2 FirstFirst Previous 1 2
  • 07-30-2014, 07:06 PM
    johnsmith9182
    Re: Divorce: Questions About Some Basics Considering My Situation
    Quote:

    Quoting llworking
    View Post
    Ok...I will explain.

    Equity in a home is the difference between the fair market value of the home, and the balance due on the mortgage. It has nothing to do with the amount of mortgage payments made.

    Since you have only owned the Condo for about 2 years, and you put down a small down payment, its unlikely that you have built much equity at this point. Your original down payment would have been partially eaten up by closing costs, and the amount of your monthly payment that is going to equity is actually quite small.

    Example: 167k financed at 5% interest rate over 30 years. The amount of principal that would have accumulated between month 9 and month 24, would be about 3200.00. However, that is assuming that the fair market value of the condo has remained fixed. Your fair market value could be a little less, or a little more, depending on your area, therefore that would impact the total equity. Your property taxes (based on the difference between your payments and the amortization schedule I used) seem fairly low, therefore I am guessing that you are not in an area that is appreciating rapidly. Her share of that equity would be about 50% or 1600.00.

    Again, I think that there is little chance that she would be held responsible for 1/2 of your student loans. She is never going to derive any benefit from your education.

    Unfortunately for me, a property similar to mine just sold for 45,000 more than what I purchased mine for. The property that sold is a mirror image of mine (same tier ie layout, square footage, etc), on a lower floor, and mine has more expensive finishes. I got lucky buying at the bottom of the housing crisis. And I am in a rapidly appreciating area. So what your saying is that Im likely to have to pay her a large sum of money? Is it possible a judge could use the fact that she helped make zero payments to the mortgage as she made such a small amount of money due to her quitting/fired (she has told me different stories...either way it was related to her drinking) and refusing to try to get a job for 4-5 months? and thank you for your reply, I really do appreciate it.

    - - - Updated - - -

    Quote:

    Quoting cbg
    View Post
    But...but...but that's not what he WANTS!

    What he wants is for her to be held responsible for half his student loans, while she gets none of the equity.

    Because if he had to pay off his own student loans, or if she received any value for anything, it wouldn't be FAIR!!


    You are a pretty bad person "cbg". There is no reason for you to try and insult me when I was emotionally and physically abused by someone that was the sweetest person that Ive ever known, who destroyed herself with alcohol. She became unfaithful, and she refused to work for extended periods of time. I paid ALL of my savings to get her the best professional help with her addiction. She still refuses to quit drinking. And after all of that, do you really think its fair that I would have to pay HER from my hard earned retirement account, and the condo that i purchased almost a year before we got engaged (she contributed zero to the down payment, zero to monthly bills, and is not on the title)? I have zero in savings because I tried to help her at any cost to treat her addiction, therefore, paying any decent size sum of money would cause me to foreclose and lose the place that I call my home. So I was a good guy, and your giving me shit for it... I was asking about my school loans to see if I could use those as a bartering chip so that I didn't have to pay her anything. I want to walk away without either of us having to pay anyone anything. We both keep whats ours and that be the end of it. If you read my replies you would have understood what and why I was asking... or maybe you wouldn't. But way to be jerk. Go whistle dixie "cbg".
  • 07-31-2014, 02:35 AM
    llworking
    Re: Divorce: Questions About Some Basics Considering My Situation
    Quote:

    Quoting johnsmith9182
    View Post
    Unfortunately for me, a property similar to mine just sold for 45,000 more than what I purchased mine for. The property that sold is a mirror image of mine (same tier ie layout, square footage, etc), on a lower floor, and mine has more expensive finishes. I got lucky buying at the bottom of the housing crisis. And I am in a rapidly appreciating area. So what your saying is that Im likely to have to pay her a large sum of money? Is it possible a judge could use the fact that she helped make zero payments to the mortgage as she made such a small amount of money due to her quitting/fired (she has told me different stories...either way it was related to her drinking) and refusing to try to get a job for 4-5 months? and thank you for your reply, I really do appreciate it.

    - - - Updated - - -




    You are a pretty bad person "cbg". There is no reason for you to try and insult me when I was emotionally and physically abused by someone that was the sweetest person that Ive ever known, who destroyed herself with alcohol. She became unfaithful, and she refused to work for extended periods of time. I paid ALL of my savings to get her the best professional help with her addiction. She still refuses to quit drinking. And after all of that, do you really think its fair that I would have to pay HER from my hard earned retirement account, and the condo that i purchased almost a year before we got engaged (she contributed zero to the down payment, zero to monthly bills, and is not on the title)? I have zero in savings because I tried to help her at any cost to treat her addiction, therefore, paying any decent size sum of money would cause me to foreclose and lose the place that I call my home. So I was a good guy, and your giving me shit for it... I was asking about my school loans to see if I could use those as a bartering chip so that I didn't have to pay her anything. I want to walk away without either of us having to pay anyone anything. We both keep whats ours and that be the end of it. If you read my replies you would have understood what and why I was asking... or maybe you wouldn't. But way to be jerk. Go whistle dixie "cbg".

    Unfortunately, you probably are not going to get what you want...and now that you have decided to be rude to a volunteer you can go pay a local attorney for advice.
  • 07-31-2014, 09:12 PM
    johnsmith9182
    Re: Divorce: Questions About Some Basics Considering My Situation
    Quote:

    Quoting llworking
    View Post
    Unfortunately, you probably are not going to get what you want...and now that you have decided to be rude to a volunteer you can go pay a local attorney for advice.


    I was rude? No, I simply responded to a "volunteer", who only volunteered to be rude and condescending. I responded with the same tone that he responded to me. Beside you and
    Dogmatique, every "volunteer" that responded was rude and mean spirited. Why are they responding only to insult people, like me, who are dumb when it comes to things such as divorce. I thanked you and told you that I appreciated your response to me with a serious reply. And I meant it. CBG, provided no advice, only rude insults. I don't think that's fair that you will no longer help me because someone else was rude and then I responded in kind. I was nothing but respectful to everyone else on this board. Is "CBG" a co-worker of sorts or something?
Show 40 post(s) from this thread on one page
Page 2 of 2 FirstFirst Previous 1 2
All times are GMT -7. The time now is 01:18 PM.
Powered by vBulletin® Version 4.2.4
Copyright © 2023 vBulletin Solutions, Inc. All rights reserved.
Copyright © 2004 - 2018 ExpertLaw.com, All Rights Reserved