Sherron
Carpal \'Tunnel
Reged: 11/25/06
Posts: 20052
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Re: Personal Loan used for home
04/08/10 11:13 PM
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"Is it likely a judge would allow my husband to stay in the home and require me to pay him 50K for the decline in the market value? Or would it be more likely that the judge orders the house sold and splits the debt? "
What is the difference for you? If the house is sold and the debt is split, you owe $50k. He wants to remain in the house and is asking for your half of the declined value, or $50k. In both scenarios, you owe $50k. Identical, to you.
The only difference is, in one scenario, your ex to be owes $50k as well, in the other, he has a loss on paper only and may recover that loss over time, and even gain.
So, since the outcome for you will be the same, but not for your ex to be, the real question is, how vengeful do you want to be?
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