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bross
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Reged: 02/24/06
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a foreclosed house & divorce!
      #82061 - 02/24/06 10:32 AM

Please tell me if a spouse who contributed a down payment on a house, that was purchased and foreclosed on during marriage, has legal recourse to get the money back in a NYS Divorce?

Edited by bross (02/24/06 10:33 AM)


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StrayAngel
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Re: a foreclosed house & divorce! [Re: bross]
      #82125 - 02/24/06 01:10 PM

Not a lawyer, so I know I could be wrong here but...
I cant see how it would be possible for a person to expect a return of this money if the foreclosure occurred DURING the marriage. The only way that comes to mind is if the $$ towards down payment was considered a loan at the time rather than a contribution. Was the house in both names?


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bross
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Re: a foreclosed house & divorce! [Re: StrayAngel]
      #82790 - 02/27/06 09:36 AM

no the house was in just one's name.

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Miranda
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Re: a foreclosed house & divorce! [Re: bross]
      #82841 - 02/27/06 11:37 AM

It does not matter how things are titled, if it occured or was acquired during the marriage it is usually considered marital.

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bross
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Re: a foreclosed house & divorce! [Re: Miranda]
      #83146 - 02/28/06 09:36 AM

so does that mean that the sponse is entitled to the downpayment?

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