My question involves a marriage in the state of:wv
Ok second question...
One of the things that will be in contention during my divorce will be the house. Ill explain the circumstances as best I can and would be happy to answer any questions you may have.
My spouse and I were married in 2006. In 2010 I lost my job of 14 years, at the time our daughter was barely 2 and out 2br 900sq ft home wasn't adequate. We were not in the greatest financial shape, in fact never were as long as my spouse handled the books. About that same time I received a severance package from my former employer roughly in the amount of 25k.
My parents offered to purchase a larger home for us, my spouse and I put the 25k down and agreed to make all payments associated with the home, mortgage ,taxes, insurance, upkeep etc. And we have done so for 10 years. We paid the mortgage directly to my parents bank. We used checks from our joint account and did so for all taxes insurance etc.
The home is probably currently worth 220k and there's probably 110k left on the mortgage.
One of the things my spouse is asking for is half of that equity.
Legally can equity be awarded if neither of us owns the home? There is no contact, or any other written form of my parents and our arrangement.