Posted on: 05th Nov, 2018 09:43 pm
I bought the property in 1982 with market price $215,000 and the mortgage 165,000. Since 1997, I was single and the sole owner of the property. Market price increased to 540,000 and refinanced mortgage was increased to 310,000. In 2003 I remarried and the property was still under my name. Mortgage reduced to 280,000 and market value increased to 900,000. On September 2018, I divorced. Market value was 2,000,000 with mortgage 128,000. What should be the correct purchase price used to calculate the DP value?