Thursday, March 12, 2015

We took out a home equity loan to improve our house together .... She bought the house from her grandfather prior to us getting married ... ...

Question

We took out a home equity loan to improve our house together .... She bought the house from her grandfather prior to us getting married ... I paid and worked on the house to fix it up.... Now we are getting a divorse .... Can I get the equity I have put in and made payments for 17 years .....?



Answer

You have a situation where the house itself is separate property but it "owes" the community estate. When you get divorced, you will be compensated. The actual numbers will depend on a lot of facts that you haven't given us.



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