Q: Can a ex spouse get equity on a house that they both owned and have been divorced since 2008.
The divorce decree states that she had 90 days from april 30 2008 to get a appraisal and he has 30 days and neither of them have done this. She she was the equity in the house that wehave been paying for for 12 years.
A: Your question is going to be fact intensive. I don't think I have enough information here to fully answer your question. The terms of your decree will likely govern. However, there may have to be some adjustments based upon a 12 year delay. I would recommend taking a copy of your divorce decree to an attorney to review and give you specific information. The more that you know going into that consultation, the more helpful it will be. I suggest knowing the current mortgage balance, the balance at the time of the divorce, the current value of the home (at least approximately), and the value of the home at the time of the divorce.
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