During a divorce how do you figure out how much to pay the other person when selling the house?

To buy the other person out.


Only been paying on house for 4 mths!


Do you just have to pay them half of the equity or half of what the house is worth?During a divorce how do you figure out how much to pay the other person when selling the house?
FMV is Fair Market Value. You two can agree on any amount, but usually all they are entitled to is 1/2 the equity. Keep in mind that if you are both on the loan, what you will need to do for your own protection is refinance in your name only, and arrange for your spouse's name to be removed from the deed. If you are in full agreement on all points of this deal, you can have this done by a title company, but an attorney might be useful since you are divorcing. A word to the wise - work out all the details and make sure you won't incur any extra expenses before you sign any documents!During a divorce how do you figure out how much to pay the other person when selling the house?
Yeah, half of the current FMV.





If you are selling to someone else then half of whatever the gain is from the proceeds after paying off the lender.
I think maybe you just pay half of whatever money you get for the house. This would probably be a good time for your lawyer to get involved.
This is up to the negotiations of both lawyers and of course, the judge. Make sure you secure a GOOD lawyer!
I would always recommend to accept a buy out and move. Security is the possession of the money and not the house.
I would think only half of the equity. What is FMV?