In addition, if the home has been a primary residence at least two - TopicsExpress



          

In addition, if the home has been a primary residence at least two of the last five years, and the property has significant appreciation/gain over the life of ownership - especially if you have held it long term, the spouse who gets the deeded home will lose $250,000 in exemption against any gain where capital gain is applicable. (Married exemption: $500k vs. $250K for single.) Sell jointly and split the proceeds as per divorce settlement. Besides, who wants to remain in the house that disharmony built? (Thanks to Jack Barry of Keller Williams Center City Philadelphia for sharing) philly/philly/classifieds/real_estate/Divorce_doesnt_wipe_out_joint_mortgage.html
Posted on: Sat, 06 Jul 2013 12:02:49 +0000

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