Q: my question is I bought my house when I was single and I need to refinance my house now So I don't loose it.
if I do refinance before I'm Legally divorced is that considered maritial property and will he be entitled to half of the house? I Live in Colorado Thank you So much for your time...
A: just refi-ing the house will not change things so long as you do not put him on the deed. However, any increase in value of the house that occurs during the marriage is considered marital property, subject to an equitable (meaning "fair", not necessarily equal)) division. You should get a lawyer to help you with this.
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A: I agree with the last answer. Your spouse has an interest in the appreciation of the value of the house from the time of marriage to the present regardless of whether you refinance or not.
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