Wife, or more correctly, the marital community, has an equitable interest in the property and the property is listed on Schedule A. A notation is made that the property is subject to a mortgage/deed of trust taken out prior to marriage by the titled owner with a balance of $X. What value you would place on the equitable interest I cannot say. Wife needs to discuss with a local bk attny the application of the Moore/Marsden formula and that bk attny may need the assistance of a DR attny to calculate the amount. I am sure this is a relatively common issue.

Des.