Comments on: How to Keep Your Home in a Divorce http://repupil.com/posts/110 Things your agent will never tell you. Thu, 20 Nov 2008 10:55:07 +0000 http://wordpress.org/?v=2.1.1 By: jared http://repupil.com/posts/110#comment-4954 jared Wed, 11 Jul 2007 23:13:53 +0000 http://repupil.com/posts/110#comment-4954 1)You assume that people are rational when they get divorced. Too often one wants to screw the other so badly that they end up screwing themselves. 2)True story of a coworker that got a nasty divorce. When the divorce was finalized the judge ordered that the assets be split 50:50. The house was appraised at $200k. He bought her with his side of the cash assets and investments. Five years go buy, the housing market skyrockets in his area and he sells his house for $320k. Two days later he is sued by his ex for ½ of the difference of 200k and 320k, or $60k. Although logic would say that it was obvious the market went up, she argued that the original appraisal was under priced. She won! He lost and as a result he was forced out of purchasing a new house with his new wife. Moral of the story: sell your house. Start over. 1)You assume that people are rational when they get divorced. Too often one wants to screw the other so badly that they end up screwing themselves.

2)True story of a coworker that got a nasty divorce. When the divorce was finalized the judge ordered that the assets be split 50:50. The house was appraised at $200k. He bought her with his side of the cash assets and investments. Five years go buy, the housing market skyrockets in his area and he sells his house for $320k. Two days later he is sued by his ex for ½ of the difference of 200k and 320k, or $60k. Although logic would say that it was obvious the market went up, she argued that the original appraisal was under priced. She won! He lost and as a result he was forced out of purchasing a new house with his new wife. Moral of the story: sell your house. Start over.

]]> By: admin http://repupil.com/posts/110#comment-4958 admin Thu, 12 Jul 2007 00:07:31 +0000 http://repupil.com/posts/110#comment-4958 There is frequently a huge battle over the appraised value. (as well as one to stop it from being sold for anything different) Agree on the rationality issue. There is a time and a place for attorneys to get involved... There is frequently a huge battle over the appraised value. (as well as one to stop it from being sold for anything different)

Agree on the rationality issue. There is a time and a place for attorneys to get involved…

]]> By: jared http://repupil.com/posts/110#comment-5037 jared Fri, 13 Jul 2007 03:12:23 +0000 http://repupil.com/posts/110#comment-5037 Another true story: My mom's friend husband cheated. Long messy divorce. She got to live in the house for as long as she wanted. However, when she sold it, he got half. After 12 years of running the house into the ground and letting 20 cats and 1 400lb pig pee all over it, she sold it for $200,000. The land alone was appraised at $350,000. This is in an area where houses go for $750k to $2.5m. He tried to stop the sale but the judge ruled in her favor. I can't imagine being so angry at someone that I'd give up that much money just to get revenge. Another true story: My mom’s friend husband cheated. Long messy divorce. She got to live in the house for as long as she wanted. However, when she sold it, he got half. After 12 years of running the house into the ground and letting 20 cats and 1 400lb pig pee all over it, she sold it for $200,000. The land alone was appraised at $350,000. This is in an area where houses go for $750k to $2.5m. He tried to stop the sale but the judge ruled in her favor.

I can’t imagine being so angry at someone that I’d give up that much money just to get revenge.

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