Opinion ID: 1723534
Heading Depth: 1
Heading Rank: 3

Heading: Marital Assets

Text: ¶ 8. The couple's primary asset is the marital dwelling located at Diamondhead in Bay St. Louis, Mississippi. Hank purchased the lot on which the house is built in April, 1986, prior to the time of the remarriage for around $6,000. Through his bank in Rosedale, he obtained a construction loan for $72,000 in April or May of 1996. When his Rosedale house was sold in August, 1987, $30,345.90 of the proceeds were applied to the construction loan, reducing the debt to $42,292.73. In 1991, they bought the lot next door for approximately $3,000. The house note apparently was paid off in May, 1995. Hank contends that he kept track of the deposits made by both parties into their joint checking account as well as the checks that Carolyn had written and determined that all of the funds used to pay the house loan came from his money, claiming she spent all of her money and made darned sure I didn't spend any of it. ¶ 9. Hank estimates that the house is valued at between $82,000 and $100,000. Carolyn testified that several years prior to the hearing, a realtor had told her that house prices in the area had increased substantially since they had built the house. She guessed that house was valued at $115,000 to $120,000.