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Q: Transmutation/Community Property/Divorce Issue in California ( No Answer,   0 Comments )
Question  
Subject: Transmutation/Community Property/Divorce Issue in California
Category: Relationships and Society > Law
Asked by: hosedinca-ga
List Price: $100.00
Posted: 08 Mar 2006 17:02 PST
Expires: 13 Mar 2006 08:01 PST
Question ID: 705145
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?
Answer  
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