How is a house settled in a divorce?
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How is a house settled in a divorce?
We live in a community property state; this house has both our names on it. We have another house in a non-community property state and t only has my wife’s name on it. How is this house settled in the settlement?
Asked on September 5, 2012 under Family Law, California
Answers:
Cameron Norris, Esq. / Law Office of Gary W. Norris
Answered 11 years ago | Contributor
The other house is considered quasi-community property and upon divorce is treated just like community property. However in the settlement it must be identified as quasi-community property and you can divide it up by stipulation however you would like as long as it is fair to both parties.
Best of luck.
If you are in the ventura county area, feel free to contact me.
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