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Do I include home improvement costs while calculating PPCP?

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Les Guest	Posted: Tue Mar 27, 2007 9:51 pm    Post subject: Do I include home improvement costs while calculating PPCP? Like 0 Dislike 0 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? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10242 Location: ALASKA 1042.50 Dollars($)	Posted: Tue Mar 27, 2007 10:25 pm    Post subject: Like 0 Dislike 0 Welcome Les, The PPCP (Payments towards Principal from community property) includes payments towards the principal made by both the owners of the community property. It may include the home improvement cost provided the improvement can increase the home value appreciably. You need to consult your lender or mortgage company in this regard.
sara Moderator Joined: 05 Jul 2006 Posts: 2645 Location: New Brunswick, New Jersey 488.43 Dollars($)	Posted: Tue Mar 27, 2007 10:43 pm    Post subject: RE: Home imporvemnet costs and moore marsden rule Like 0 Dislike 0 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 Guest	Posted: Sat Oct 22, 2011 11:54 am    Post subject: moore/marsden and quitclaim deed Like 0 Dislike 0 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?
adonis Joined: 22 Oct 2005 Posts: 10242 Location: ALASKA 1042.50 Dollars($)	Posted: Sun Oct 23, 2011 9:55 pm    Post subject: Like 0 Dislike 0 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. _________________ Procrastination is the enemy of your financial success

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