[frenchlambda]

I think I am screwed.
I read the separation agreement again and found this:

22. REIMBURSEMENT AND OTHER MONETARY WAIVERS.
A. Except as may be specifically provided to the contrary in this Agreement,
as part of the division of the community property each party waives all rights of reimbursement
for the following:
(4) All rights of reimbursement pursuant to Family Code section 2640,
or otherwise, for separate property contributed to the acquisition, maintenance or
improvement of community property or the other party’s separate property;

[frenchlambda]

I think I am screwed.
I read the separation agreement again and found this:

22. REIMBURSEMENT AND OTHER MONETARY WAIVERS.
A. Except as may be specifically provided to the contrary in this Agreement,
as part of the division of the community property each party waives all rights of reimbursement
for the following:
(4) All rights of reimbursement pursuant to Family Code section 2640,
or otherwise, for separate property contributed to the acquisition, maintenance or
improvement of community property or the other party’s separate property;

[frenchlambda]

I think I am screwed.
I read the separation agreement again and found this:

22. REIMBURSEMENT AND OTHER MONETARY WAIVERS.
A. Except as may be specifically provided to the contrary in this Agreement,
as part of the division of the community property each party waives all rights of reimbursement
for the following:
(4) All rights of reimbursement pursuant to Family Code section 2640,
or otherwise, for separate property contributed to the acquisition, maintenance or
improvement of community property or the other party’s separate property;

[frenchlambda]

I think I am screwed.
I read the separation agreement again and found this:

22. REIMBURSEMENT AND OTHER MONETARY WAIVERS.
A. Except as may be specifically provided to the contrary in this Agreement,
as part of the division of the community property each party waives all rights of reimbursement
for the following:
(4) All rights of reimbursement pursuant to Family Code section 2640,
or otherwise, for separate property contributed to the acquisition, maintenance or
improvement of community property or the other party’s separate property;

[frenchlambda]

I think I am screwed.
I read the separation agreement again and found this:

22. REIMBURSEMENT AND OTHER MONETARY WAIVERS.
A. Except as may be specifically provided to the contrary in this Agreement,
as part of the division of the community property each party waives all rights of reimbursement
for the following:
(4) All rights of reimbursement pursuant to Family Code section 2640,
or otherwise, for separate property contributed to the acquisition, maintenance or
improvement of community property or the other party’s separate property;

[frenchlambda]

[quote=threadkiller] If you keep the condo you won’t be able to afford it, ever hear of child support?
[/quote]
I do not have to pay Child Support. We have equal custody (50/50) and have exactly the same income.

[quote=threadkiller]
if you lose it in foreclosure you lose your down payment.
[/quote]
I have already lost my down payment regardless of it going into foreclosure or on the market being sold by me.
I don’t expect to get that down-payment back for another 5 to 10 years.

[quote=threadkiller]
Believe it or not you can rent cheaper than your mortgage would be on the condo.[/quote]
Hmmm let me know where I can find a 3-bdr rental in 92127 or 92128 for under $1,400 a month.

My initial goal for starting this thread was to understand if my ex-in-laws have a legal right to proceed with foreclosing while I STILL make payments to them (as well as the first lender) EVERY MONTH.

[frenchlambda]

[quote=threadkiller] If you keep the condo you won’t be able to afford it, ever hear of child support?
[/quote]
I do not have to pay Child Support. We have equal custody (50/50) and have exactly the same income.

[quote=threadkiller]
if you lose it in foreclosure you lose your down payment.
[/quote]
I have already lost my down payment regardless of it going into foreclosure or on the market being sold by me.
I don’t expect to get that down-payment back for another 5 to 10 years.

[quote=threadkiller]
Believe it or not you can rent cheaper than your mortgage would be on the condo.[/quote]
Hmmm let me know where I can find a 3-bdr rental in 92127 or 92128 for under $1,400 a month.

My initial goal for starting this thread was to understand if my ex-in-laws have a legal right to proceed with foreclosing while I STILL make payments to them (as well as the first lender) EVERY MONTH.

[frenchlambda]

[quote=threadkiller] If you keep the condo you won’t be able to afford it, ever hear of child support?
[/quote]
I do not have to pay Child Support. We have equal custody (50/50) and have exactly the same income.

[quote=threadkiller]
if you lose it in foreclosure you lose your down payment.
[/quote]
I have already lost my down payment regardless of it going into foreclosure or on the market being sold by me.
I don’t expect to get that down-payment back for another 5 to 10 years.

[quote=threadkiller]
Believe it or not you can rent cheaper than your mortgage would be on the condo.[/quote]
Hmmm let me know where I can find a 3-bdr rental in 92127 or 92128 for under $1,400 a month.

My initial goal for starting this thread was to understand if my ex-in-laws have a legal right to proceed with foreclosing while I STILL make payments to them (as well as the first lender) EVERY MONTH.

[frenchlambda]

[quote=threadkiller] If you keep the condo you won’t be able to afford it, ever hear of child support?
[/quote]
I do not have to pay Child Support. We have equal custody (50/50) and have exactly the same income.

[quote=threadkiller]
if you lose it in foreclosure you lose your down payment.
[/quote]
I have already lost my down payment regardless of it going into foreclosure or on the market being sold by me.
I don’t expect to get that down-payment back for another 5 to 10 years.

[quote=threadkiller]
Believe it or not you can rent cheaper than your mortgage would be on the condo.[/quote]
Hmmm let me know where I can find a 3-bdr rental in 92127 or 92128 for under $1,400 a month.

My initial goal for starting this thread was to understand if my ex-in-laws have a legal right to proceed with foreclosing while I STILL make payments to them (as well as the first lender) EVERY MONTH.

[frenchlambda]

[quote=threadkiller] If you keep the condo you won’t be able to afford it, ever hear of child support?
[/quote]
I do not have to pay Child Support. We have equal custody (50/50) and have exactly the same income.

[quote=threadkiller]
if you lose it in foreclosure you lose your down payment.
[/quote]
I have already lost my down payment regardless of it going into foreclosure or on the market being sold by me.
I don’t expect to get that down-payment back for another 5 to 10 years.

[quote=threadkiller]
Believe it or not you can rent cheaper than your mortgage would be on the condo.[/quote]
Hmmm let me know where I can find a 3-bdr rental in 92127 or 92128 for under $1,400 a month.

My initial goal for starting this thread was to understand if my ex-in-laws have a legal right to proceed with foreclosing while I STILL make payments to them (as well as the first lender) EVERY MONTH.

[frenchlambda]

[quote=Eugene][quote]
Loss of equity should be divided equally between you and your wife. But if you forget about those 85k, you lose your entire contribution towards down payment (115k) but your wife only loses 30k. Do you think it’s fair?[/quote]

My understanding was that whatever down-payment was used to purchase the property could only be recuperated from the equity that’s in it.
Am I wrong?
If so, am I legally entitled to get $85k (or even a percentage of it) from my ex?

[frenchlambda]

[quote=Eugene][quote]
Loss of equity should be divided equally between you and your wife. But if you forget about those 85k, you lose your entire contribution towards down payment (115k) but your wife only loses 30k. Do you think it’s fair?[/quote]

My understanding was that whatever down-payment was used to purchase the property could only be recuperated from the equity that’s in it.
Am I wrong?
If so, am I legally entitled to get $85k (or even a percentage of it) from my ex?

[frenchlambda]

[quote=Eugene][quote]
Loss of equity should be divided equally between you and your wife. But if you forget about those 85k, you lose your entire contribution towards down payment (115k) but your wife only loses 30k. Do you think it’s fair?[/quote]

My understanding was that whatever down-payment was used to purchase the property could only be recuperated from the equity that’s in it.
Am I wrong?
If so, am I legally entitled to get $85k (or even a percentage of it) from my ex?

[frenchlambda]

[quote=Eugene][quote]
Loss of equity should be divided equally between you and your wife. But if you forget about those 85k, you lose your entire contribution towards down payment (115k) but your wife only loses 30k. Do you think it’s fair?[/quote]

My understanding was that whatever down-payment was used to purchase the property could only be recuperated from the equity that’s in it.
Am I wrong?
If so, am I legally entitled to get $85k (or even a percentage of it) from my ex?

[frenchlambda]

[quote=Eugene][quote]
Loss of equity should be divided equally between you and your wife. But if you forget about those 85k, you lose your entire contribution towards down payment (115k) but your wife only loses 30k. Do you think it’s fair?[/quote]

My understanding was that whatever down-payment was used to purchase the property could only be recuperated from the equity that’s in it.
Am I wrong?
If so, am I legally entitled to get $85k (or even a percentage of it) from my ex?

[Author]

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