It looks like my husband and I are heading for divorce after six years. Here is the problem. When we got together, I gave up my house and moved in with him. He had owned his house for about 10 years at the time. I never asked him to re-finance with me (to put my name on the loan) nor did I ever put my name on the deed. However, I did agree to pay the equity loan on the house that he took out to renovate when I moved in. It is in his name but I've paid around $37,000 on it over the years.
My question is, if I decided to push it, would I have any leg to stand on if I wanted any portion of the house in a divorce settlement??
I am sure that if you can produce proof that you contributed this money, that you would be awarded equity in the house. Consult a lawyer, one session of advice can't cost too much. Sera
It all depends on the laws in your state. Talk with an attorney. If you can't afford one, call your local bar association. They have a list of attorneys who will give you 30 minutes pro bono.
I don't understand how your name was able to be on the equity loan when it isn't your equity to use as collateral......ask a lawyer
maybe the fact that your name is on the equity loan will work in your favor