Quote:
Originally Posted by Incinerator
This is where a lot of people got screwed in the last couple years, guy bought the house for $150K in 2002, had to sell during the divorce in 2006 for $350K and split the $200K profit, now the guy have $250K minus his original mortgage principal and nowhere to live because everything cost $350K so he ends up paying triple the amount of his original mortgage payments in rent. (True story)
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I don't doubt it. I've heard similar cases where only cause of brilliant lawyers and keeping assets separate were they spared the full brunt.