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Displaying (1) Comments | Comment on this piece | Report objectionable art
Does anyone know what hapepns to negative home equity situations during divorces in Washington state these days? I keep hearing of how negative equity is complicating divorces, but I don't really understand the nuts and bolts of it.Do the divorcing parties have to split the negative equity down the middle? Is it apportioned based on what percentage of ownership each party is considered to have (i.e. who made the down-payment, the percentage of the mortgage payments each party covered)?What about the case where one party really didn't make any financial contribution (e.g. a home-maker)? Would that party be saddled with substantial negative equity debts (owed to their ex) if their over-all asset situation was in a significant under-water situation?For the record, I am renting (as most people on this site already know), so this certainly isn't something that concerns me directly. It is just something I have been wondering about as I continue to see larger numbers of homes go under-water. Rate this comment: 0 0
By: | Sep 27, 2013 | Report Comment
cold
Jaredchal | Region 3
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