Transmutation/Community Property/Divorce Issue in California

January 7th, 2009   Filed Under naaktbelgisch.com   edit

My wife and I married in July of 2000 in California. Upon getting married, I moved into the house she had been living in (let's call this House A). In September 2000 we entered into an escrow for a new home (House B). Her parents wired the initial downpayment for House B to her, and she transferred all of those funds to the escrow company as the downpayment for House B. I paid all mortgages, property taxes, etc. for the next 5 years. I was added to the title of House A in January of 2001. We remained on title jointly through June 2005. We sold House B, and rolled all equity into House C. We sold House C and rolled all equity into House D. In June of 2005, she insisted we quit claim House A to her parents (who had been paying the mortgage the whole time, but was in our names, jointly). I signed the quit claim, and in August she told me she wanted to divorce. We filed for divorce in August 2005, and sold House D in December 2005. She claims she gets the downpayment for House B back, since the money was for the sale of House A, to her parents. I find this hard to believe as House A was in our name until June 2005, there was never an escrow for this "sale" and there was no purchase agreement for House A. I maintain that the proceeds from the sale of House D (including the downpayment for House B) should be split 50/50. Which position will California Law support?




#If you have any other info about this subject , Please add it free.#
Your name:
E-mail:
Telphone:

Your comments:


If you have any other info about Transmutation/Community Property/Divorce Issue in California , Please add it free.