Please take legal steps to protect those you love.

iamkeri1 · 04-26-2011, 08:22 AM

Hey, citybutch,
Regarding the "consideration", I have some questions.
Is the consideration amount based on equity in the home or the purchase price or the actual market value? If you bought the home five years ago for one hundred thousand, (and the value has now dropped to $60,000 or risen to $150,000) but only have $3000.00 in equity, can your partner pay you $1500.00 to satisfy the consideration or must they pay ome other amount?

Can the consideration be a kind of "trade"? Like I bring my $1500.00 furniture set to your house and you put my name on the title? Or I put your name on the title of my home with a conparable equity anount in it at the same time so there is an equal trade of value?

Thanks for keeping this thread current.
Smooches,
Keri

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Switch to Hybrid Mode Threaded Mode

04-26-2011, 08:22 AM	#9
iamkeri1 Member How Do You Identify?: femme woman Preferred Pronoun?: she Relationship Status: solo Join Date: Nov 2009 Location: Central Florida Posts: 905 My Photo Gallery Thanks: 302 Thanked 2,153 Times in 659 Posts Rep Power: 16642921	Hey, citybutch, Regarding the "consideration", I have some questions. Is the consideration amount based on equity in the home or the purchase price or the actual market value? If you bought the home five years ago for one hundred thousand, (and the value has now dropped to $60,000 or risen to $150,000) but only have $3000.00 in equity, can your partner pay you $1500.00 to satisfy the consideration or must they pay ome other amount? Can the consideration be a kind of "trade"? Like I bring my $1500.00 furniture set to your house and you put my name on the title? Or I put your name on the title of my home with a conparable equity anount in it at the same time so there is an equal trade of value? Thanks for keeping this thread current. Smooches, Keri