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Is real estate market value used or equity value when dividing property in a divorce?

Presque Isle, ME |
Filed under: Real estate

My husband and I are getting a divorce and have two pieces of real estate (a house and a camp), a one-year-old camper and a brand new motorcycle (Harley-Davidson). When the property is divided as equally as feasible, do the courts look at the value of the real estate or the value of the equity in the real estate?

Attorney Answers 1


The net equity is what is divided. If a property is valued at $100K and you have a $100K mortgage the net value is $0.

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