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#oregon Determining Home Equity In A Divorce

Location: Oregon

My parents, my future ex, and I purchased a farm in 2017. All 4 of us were put on the deed, but my ex and I are not on the mortgage. The agreement was that my parents would arrange to finance the property. They made a significant down payment, paid all the fees, and paid down the points. Additionally, they made the first 2 year of payments. After the 2 year period, my ex and I took over the payments with the intentions of paying off the mortgage. We paid the mortgage for about 5 years. I considered this a rent to own arrangement with no contract .

My parents also built their home on the property and paid for all the building costs and fees for the second home, including the extra taxes and insurance costs.

In actual cash invested, my parents have about 600k invested, and my ex and I have about 200k, only mortgage payments interest and payment towards principal. I believe that my research and advice from an attorney lead me to believe that the equity will not be split in 3rd.

But what, if any, are my ex and I entitled to? I ask this more for an idea of how a court may lean. We are attempting not to get lawyers involved but fit obvious reasons we want to make the split equitable.

Thank you

Again, the location is in Oregon

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#oregon Determining Home Equity In A Divorce

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