Quote Quoting kpark1996
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My brother is willing to adjust the deed. The reason we have not is we dont want to pay the taxes involved (i.e. real estate transfer tax, etc.).
I'm not sure what other taxes you're concerned with, but a transfer of your brother's interest without consideration almost certainly would be eligible for a total exemption from the real estate transfer tax.

Quote Quoting kpark1996
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What is the realistic exposure if my brother gets divorced?
No way to opine intelligently about that without having any relevant facts.

Quote Quoting kpark1996
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is there a scenario where we would be forced to sell both homes and then divide the value (her full home and half mine) between us?
In the abstract, virtually anything is possible, but that would be extremely unlikely.

Quote Quoting kpark1996
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I agree that the most likely scenario is that we would leave with what we brought in. My wife has a concern that "I would get half her house but she would only get a quarter of mine because your brother is half owner". Given the first response, I dont believe that could happen.
Although you didn't say so expressly, I assume you're contemplating divorce (otherwise, this thread would be awfully weird). If you or your wife files for divorce, given how short your marriage has been, you'd be foolish to take the case to trial. Most divorce cases settle by way of a marital settlement agreement, and courts virtually never refuse to adopt a mutually agreed settlement agreement (again, especially so in the case of a very short marriage). The outcomes about which you're concerned would only be possible if you mutually agreed or one of you refused to settle and forced a trial (again, extremely foolish).