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DIVORCING, WHAT HAPPENS TO MY NON MARITAL PROPERTY

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ivycast08 Joined: 15 Jul 2008 Posts: 3 1.70 Dollars($)	Posted: Tue Jul 15, 2008 10:14 am    Post subject: DIVORCING, WHAT HAPPENS TO MY NON MARITAL PROPERTY Like 0 Dislike 0 Divorcing, what happens to my non marital property? I bought a condo in Florida 3 years prior to getting married. Husband never contribute on mortgage, repairs or anything having to do with the apt. How is this handle during a divorce? Thank you very much
apexoffice Moderator Joined: 09 Jul 2008 Posts: 193 Location: Atlanta, GA 56.04 Dollars($)	Posted: Tue Jul 15, 2008 10:41 am    Post subject: Like 0 Dislike 0 I assume by your post, your husband was never added to the deed or the loan. As long as this is the case, I don't think you don't need to do anything as far as your condo is concerned since it is clearly not a marital asset. You may want to discuss it with your attorney as equitable division of assets are handled differently from state to state. I would like to add one more thing. If your attorney advises you to get the property appraised, be sure to select an appraiser that specializes in litigation support and expert witness testimony. The cost may be higher than the typical appraisal but it will be well worth it to have someone with courtroom experience. _________________ Benjamin Smith Atlanta Area Appraiser
Niicss Joined: 03 Oct 2005 Posts: 4834 Location: New Jersey 508.88 Dollars($)	Posted: Wed Jul 16, 2008 5:44 am    Post subject: Like 0 Dislike 0 Welcome ivycast. I have replied in a similar query. Please refer to http://www.mortgagefit.com/florida/divorce-quitclaim.html Let me know if you have any more queries. _________________ Good is the Enemy of Great.
Bobbyo Guest	Posted: Sat Feb 28, 2009 12:11 pm    Post subject: nonmarital property Like 0 Dislike 0 I bought a house off x wife below market value 1 year prior to vgetting married again kept house and mortgage in my name only 10 years later going for divorce second time she moved out 38months ago her attourney is after equity
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Sun Mar 01, 2009 9:31 pm    Post subject: Like 0 Dislike 0 Hi Bobbyo, If your ex-wife had already quitclaimed the property to you, then she cannot claim it as her own or demand the equity from you. I think you should also contact an attorney and take his help in this issue. _________________ Procrastination is the enemy of your financial success

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