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moore marsden rule after marriage

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joeyjj Guest	Posted: Wed Nov 10, 2010 7:07 pm    Post subject: moore marsden rule after marriage Like 0 Dislike 0 Me and my wife are going to purchase a property together. I am providing the entire downpayment of approximately 50k. If we happen to divorce several years from now, will the property be divided equally given I provided the entire downpayment?
dipaligopale Joined: 25 May 2010 Posts: 790 22.70 Dollars($)	Posted: Wed Nov 10, 2010 8:56 pm    Post subject: Like 0 Dislike 0 Hi joeyjj, Welcome to mortgage fit, If you happen to stay in any of the below mentioned state...... Arizona California Idaho Louisiana Nevada New Mexico Texas Washington Wisconsin then even if you have put down payment of 50 K you are still liable to give 50 % stake to your spouse..All the above mentioned states are termed as community property states..... If you happen to stay other than above mentioned states then you have make it clear in the property documents that you will be holding extra equity in the house due to payment of down-payment. Feel free to ask any further query if you have......... DIPA _________________ 1.The best of intentions must still have directions !--Unknown author 2.When I hear somebody sigh, "Life is hard," I am always tempted to ask, "Compared to what?" - Sydney J. Harris

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