On the equity piece I've already calculated it so I have that number. But actual equity is a bit more complex since it was purchased pre-marriage but with both our names and joint funds paying the mortgage. Because it's premarital, I could have less equity because of what my MIL provided.
My...
As noted we had looked into her assuming the mortgage. The issue was with mortgage assumption is that she would have to cover the difference of what the initial mortgage was for vs what is left. That was too expensive. Other path was her getting us the money to pay off the mortgage completely...
We have a signed legal gift letter that was part of the mortgage process. We were looking into legal routes to turn the first house over to her.
Thankfully the prenup does not state what happens to the first house in the instance of a divorce. All it state is that we were given money for the...
Here you go. I have no doubt the note is fine. I'm sure the lawyer on Monday will tell me the same. My focus now is understanding and hoping I have equity in that first house even though it's not official marital property but based on laws I read said I should have equity.
That's our first house. Which is still in my wifes and mine names we bought 2 months before marriage. That was 8 years ago. Last Feb we bought our current house that my MIL gifted us money for for not selling the 1st house in agreement we would eventually turn the property over to her (never...
That would've been nice, yes. Goal is to not get bullied out of everything in the divorce. I made stupid mistakes in disowning my family for my spouse so i have no support system. My MIL and I actually get along well, but she knows im unhappy so despite all the horrible things my wife said about...
Our marriage is on the fritz so just trying to get all my facts together before the hammer fully drops. In the process of trying to get actual legal counsel so gathering all my paperwork and financial details. Not trying to leave my wife with the debt, I just know my MIL will be ruthless so...
Hello. Trying to fully understand the law ob personal promissory notes to understand the validity of notes I'm attached to. Before my wife and I got married, we bought a property that was in both our names (would assume we both have equity in it since technically not marital property). My MIL...