In a divorce settlement, can I loan my half of the equity back to my ex so she doesn’t have to sell the house?
I am in the middle of an amicable divorce. I do not want my soon to be ex to have to sell the house. We are splitting the equity 50/50 but my ex will be unable to meet a home equity loan payment each month to buy me out. Ex is in school and working only part time. I want to know if we can sign a note where she pays me my half of the equity at a determined date after she is out of school. This is not co-ownership. Home is in her name but it is community property in our state.
You CAN agree to any property settlement that is acceptable to both of you. I recommend a clean break. Any financial ties that remain are likely to go bad. Perhaps she could refinance the house for enough to cover your share.
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