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Divorced folks in the OC.....

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oldmarriedfool

Junior Member

10 posts
Mar 2, 2011 1:43 PM
just curious with a scenario.

-married couple for lets say 6-8 months.
-purchased house with just one name on the morgtage for lets say 120k.
-that is pretty much the extent of what was purchased after the wedding with the exception of furniture.

apparently ohio is a 50/50 state.
-if spouse A wants the house and gets it how does the rest usually pan out? with the 120k house does that mean spouse B is to be paid 60k? no idea how it all works out. anyone know how that stuff goez?
Mar 2, 2011 1:43pm
THE4RINGZ's avatar

THE4RINGZ

R.I.P Thread Bomber

16,816 posts
Mar 2, 2011 1:48 PM
Why would Spouse B get $60k?
Mar 2, 2011 1:48pm
ytownfootball's avatar

ytownfootball

Bold faced liar...

6,978 posts
Mar 2, 2011 1:49 PM
THE4RINGZ;697364 wrote:Why would Spouse B get $60k?

House keeper buys out house departer.
Mar 2, 2011 1:49pm
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oldmarriedfool

Junior Member

10 posts
Mar 2, 2011 1:50 PM
idk. i have no clue on how it all works and stuff. in a 50/50 state like ahia how does a house get split up. especially if it was just purchased. if spouse A takes the house what could spouse b be awarded.

ytownfooootball. house was purchased only couple months ago so like only 2 payments have been made.
Mar 2, 2011 1:50pm
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ytownfootball

Bold faced liar...

6,978 posts
Mar 2, 2011 1:50 PM
Unless the house is bought and paid for though, you're going to simply be splitting debt, or need to quick deed to A.
Mar 2, 2011 1:50pm
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thedynasty1998

Senior Member

6,844 posts
Mar 2, 2011 1:50 PM
I'm pretty certain that since it was bought after marriage, that both parties have an equal interest in the property, regardless of who is on the title and mortgage.
Mar 2, 2011 1:50pm
G

Gblock

Mar 2, 2011 1:52 PM
well if they could agree on that, but if the house wouldnt sell for 120 or if there are disagreements then the house would be sold and the resulting debt or profit would be split i assume
Mar 2, 2011 1:52pm
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THE4RINGZ

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16,816 posts
Mar 2, 2011 1:52 PM
ytownfootball;697369 wrote:Unless the house is bought and paid for though, you're going to simply be splitting debt, or need to quick deed to A.

That was my point... they don't own a $120k house. The equity, if any, would be split.
Mar 2, 2011 1:52pm
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THE4RINGZ

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16,816 posts
Mar 2, 2011 1:53 PM
At any rate, best of luck with your divorce OP. Hope you land on your feet.
Mar 2, 2011 1:53pm
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ytownfootball

Bold faced liar...

6,978 posts
Mar 2, 2011 1:55 PM
You'll get an idea of how it works on here, but you need an attorney.

There is a time frame, all things that were owned previous to the marriage are still property of those who brought it in. The only things that are equally divided are those things gained following the marriage.
Mar 2, 2011 1:55pm
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THE4RINGZ

R.I.P Thread Bomber

16,816 posts
Mar 2, 2011 2:00 PM
Make sure you contact all the good divorce attorney's in your area first. Get an initial consultation, That way they cannot represent her against you.

I saw that tactic on The Soprano's and it is brilliant.
Mar 2, 2011 2:00pm
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Fab1b

The Bald A-Hole!!

12,949 posts
Mar 2, 2011 2:01 PM
I am divorced but in Florida. We purchased as house together and sold it before seperating. We used legal zoom for our divorce filing. We split all posessions down the middle and paid off any debt we could with profit from the home and split the rest that was left down the middle. She agreed to take on the responsibility of a condo we bought so I wiped my hands clean of that (even though I am on the mortgage, the court agreed to her bearing financial responsibility as far as payments made. Only if she didn't pay could they come after me, she has since paid it off so that is a done deal now).
Mar 2, 2011 2:01pm
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Belly35

Elderly Intellectual

9,716 posts
Mar 2, 2011 2:03 PM
Sell the house a splite to profit .... simple

No profit ... stay married, sleep in different room ...cheaper that a separation.. at this time.
Mar 2, 2011 2:03pm
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THE4RINGZ

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16,816 posts
Mar 2, 2011 2:04 PM
You got lucky.
Mar 2, 2011 2:04pm
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oldmarriedfool

Junior Member

10 posts
Mar 2, 2011 2:04 PM
THE4RINGZ;697375 wrote:That was my point... they don't own a $120k house. The equity, if any, would be split.
that is true. there has only been a couple of payments on the house so i assume that is the equity? i am very clueless in this type of stuff and the other spouse makes many threats and just trying to figure out what is true and fiction
Mar 2, 2011 2:04pm
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THE4RINGZ

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Mar 2, 2011 2:06 PM
How much was the downpayment? That would be the source of equity not your two payments
Mar 2, 2011 2:06pm
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oldmarriedfool

Junior Member

10 posts
Mar 2, 2011 2:09 PM
THE4RINGZ;697402 wrote:How much was the downpayment? That would be the source of equity not your two payments

few thousand bucks. was not much. so that is pretty much the equity?
Mar 2, 2011 2:09pm
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THE4RINGZ

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16,816 posts
Mar 2, 2011 2:12 PM
Probably not much there with a small amount of down payment unless you bought the house way below appraised value.
Mar 2, 2011 2:12pm
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oldmarriedfool

Junior Member

10 posts
Mar 2, 2011 2:15 PM
THE4RINGZ;697377 wrote:At any rate, best of luck with your divorce OP. Hope you land on your feet.

thanx. of course did not ever expect this to happen at all and it is not a done deal thats for sure. just trying to get some information. anyone who has been divorced when does the guilt and shame of the idea succumb to the reality that neither is happy and the best thing is to end it and to pull the trigger? right now that seems to be the only thing keeping the two together, that they are scared, embarrased and guilty. not that either has stepped out on teh marriage or anything but am talking about the guilt that is associated with feeling like you failed
Mar 2, 2011 2:15pm
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THE4RINGZ

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16,816 posts
Mar 2, 2011 2:24 PM
Dude swallow your pride and cut your losses early in the game if you don't think things have a legitimate chance of ever working out. If you are convinced you will never reconcile, time is only going to create more animosity, and make the divorce even more of a pain in the ass.

And if the house thing doesn't work out, here is a list of four things that might help you solve the situation:

1. Dark clothing.
2. A gas can
3. A lighter
4. An air tight alibi.

I kid.
Mar 2, 2011 2:24pm
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ytownfootball

Bold faced liar...

6,978 posts
Mar 2, 2011 2:26 PM
If you're a young guy, there's little need for guilt, there's no kids I assume?

Wedding cake fucks up a lot of shit, no need to feel guilty at all.
Mar 2, 2011 2:26pm
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Iliketurtles

Senior Member

8,191 posts
Mar 2, 2011 2:28 PM
THE4RINGZ;697430 wrote:Dude swallow your pride and cut your losses early in the game if you don't think things have a legitimate chance of ever working out. If you are convinced you will never reconcile, time is only going to create more animosity, and make the divorce even more of a pain in the ass.

And if the house thing doesn't work out, here is a list of four things that might help you solve the situation:

1. Dark clothing.
2. A gas can
3. A lighter
4. An air tight alibi.

I kid.
I would make 4. Your wife in the house then 5. An air tight alibi. :).
Mar 2, 2011 2:28pm
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THE4RINGZ

R.I.P Thread Bomber

16,816 posts
Mar 2, 2011 2:29 PM
Iliketurtles;697439 wrote:I would make 4. Your wife in the house then 5. An air tight alibi. :).

I like where your head is at on this one.
Mar 2, 2011 2:29pm
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oldmarriedfool

Junior Member

10 posts
Mar 2, 2011 2:49 PM
ytownfootball;697434 wrote:If you're a young guy, there's little need for guilt, there's no kids I assume?

Wedding cake fucks up a lot of shit, no need to feel guilty at all.

no kids between us but one spouse does have a kid and that is part of what makes it very difficult.
Mar 2, 2011 2:49pm
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Speedofsand

Troublemaker

5,529 posts
Mar 2, 2011 2:53 PM
Only one name on the mortgage = home owner. There will be no equity yet. Spouse B needs to sign a quit-claim deed and gtfo. Short marriages = easier divorces. Consult your local lawyers. No matter what, you will need a lawyer to protect yourself.
Mar 2, 2011 2:53pm