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

Presque Isle, ME |

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?

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Filed under: Divorce Real estate
Attorney answers 1

Posted

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.