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Is my wife entitled to any portion of the home?

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Icon Mini Profile deddy



Joined: 01 Feb 2008

Posts: 1



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PostPosted: Fri Feb 01, 2008 1:21 pm    Post subject: Is my wife entitled to any portion of the home?

I was married 22 yrs and am getting a divorce. I owned my home 15 yrs prior to the marriage. I paid the mortgage off (wife did not contribute) after 7 yrs with an inheritance I received.
 
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Icon Mini Profile larry



Joined: 27 Jun 2007

Posts: 3328



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PostPosted: Fri Feb 01, 2008 1:31 pm    Post subject:

Hi Deddy,

Welcome to the forum.

First of all I will like to ask in which state do you stay?

If it is a community property state, then your wife will have half of the ownership of the property according to the state law. But if it is not a community property state, the she will not have the ownership unless and until you add her in the deed.

Feel free to ask if you have any further questions.

Thanks.
Larry
 
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Icon Mini Profile blue
blue


Joined: 21 Oct 2005

Posts: 1138
Location: MARYLAND


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PostPosted: Fri Feb 01, 2008 6:31 pm    Post subject:

Hi,

Welcome to Mortgagefit discussion board.

If you stay in a community property state, then what ever real estate [property you got within the marriage period will be considered as community property and your wife will have 50% ownership. But any thing you got after or before the marriage period will not be considered as community property.

“I owned my home 15 yrs prior to the marriage.” So this will not be considered as community property and your wife will have no rights on that home.

Do let me know if you have any other questions.

Thanks
Blue

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Icon Mini Profile ckalvesmaki

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Joined: 28 Jan 2006

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Location: Dallas


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PostPosted: Sat Feb 02, 2008 8:19 am    Post subject:

You need to discuss this with your divorce attorney......I don't think anyone here can answer that question.
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Icon Mini Profile lisascherzer



Joined: 04 Jan 2008

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PostPosted: Sat Feb 02, 2008 12:58 pm    Post subject:

It will really come down to what a judge thinks is fair during the divorce proceedings. Because you were married for so long, I would think that she would be entitled to half of the equity in the home.
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