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I purchased a residence three years prior to marriage to my wife. I later put her on title 8 years later when we refinanced the loan to a fifteen year morgage. The property is now paid off fully. We separated one year prior to paying off the loan that she lived in the residense and paid off the loan using her separate money. The original loan was $870/mo. later after refi to $761/mo. The down payment was $40K and pruchase price of $125K. At time of Marriage the property value was lets say $180K. Eight years later upon refi. value was $275. and upon DOS value was $650 now it is $550K.
Can you calculate my separate property interest?

Purchase Price = $125000
loan (original) = 85000
Down payment of 40000
30yr @12%
Married 3 years later - value $180000
Refi to 15 yr @8.25% - eight years later (put wife on property)
DOS - 14 years later Value $650000 (she oaid last years mtg)
Current value - $550000
Most of the payments for three years before marriage was interest - Pmt of $871
Payments of $761 for fifteen years was to pay off the mtg.
We live in California a Community Property State
Can you approximate my separate property interest of this property?

Thank you,

gmakerley · Posted: Mon Jan 18, 2010 10:46 pm Post subject:

a matter best left for the courts. i suspect anything we came up with out of pure conjecture would be inadequate to satisfy the actual decision-maker, be that a judge, a referee, a pair of divorce lawyers, etc.

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Separate Property Interest