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Do I include home improvement costs while calculating PPCP?

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Les

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Post Posted: Tue Mar 27, 2007 9:51 pm    Post subject: Do I include home improvement costs while calculating PPCP?
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What is inclusive in PPCP? I understand principle payments to a lender. Is there anything else that could make up PPCP. Cost for home improvements during the marriage for example. would this be a lump sum inclusioninto PPCP?
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adonis




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Post Posted: Tue Mar 27, 2007 10:25 pm    Post subject:
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Welcome Les,

The PPCP (Payments towards Principal from community property) includes payments towards the principal made by both the owners of the community property. It may include the home improvement cost provided the improvement can increase the home value appreciably.

You need to consult your lender or mortgage company in this regard.
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sara
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Post Posted: Tue Mar 27, 2007 10:43 pm    Post subject: RE: Home imporvemnet costs and moore marsden rule
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Hi Les,

Welcome to the forums.

The PPCP may not include the home improvement costs but the CP, that is, the community property interest owned by each spouse will include each spouse's contribution towards the mortgage and home improvement costs provided the home improvement has appreciated the home value.

Thanks,

Sara
Sarah Jane

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Post Posted: Sat Oct 22, 2011 11:54 am    Post subject: moore/marsden and quitclaim deed
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A property that was bought one month prior to marriage and had only husband on title for 17 years Then refinanced and continued to be held separate by use of a quitclaim signed by coersion using undue influence. When this is proven in court would wife become part of chain of title on date of refinance?
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Post Posted: Sun Oct 23, 2011 9:55 pm    Post subject:
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Hi Sarah,

If it is proved that the wife was forced to sign the quitclaim deed, then the court may order the husband to add her to the property title. However, she may not become a part of chain of title on date of refinance.

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