And in his refusal to execute a quitclaim deed to the wife following the divorce, the husband had stated that the wife would sell the house immediately if given the chance. The court went on to hold, alternatively, that it was reasonable for the trial court to consider the net value of the house to the party who received it even if the sale of the home was not immediately contemplated. Moreover, any number of events could occur that would require the home to be sold at virtually any time. 365 Pa. Super. In a dissenting opinion, one judge argued that it was an abuse of discretion to deduct the closing costs.
Compromise approach for heavily mortgaged property.
The wife proposed a negligible net value for the home, and the trial court agreed. The husband appealed, arguing that the trial court should have deducted all of the selling costs. This book is a practical guide to evaluating assets during divorce. It explains how to determine the real value of marital property including houses, businesses, retirement plans and investments and how to negotiate.