Court Opinion

ID: 9860343
Source: CourtListenerOpinion
Date Created: 2023-09-24 23:18:36.984239+00
Date Added: 2024-06-11T11:21:11.902025
License: Public Domain

SUPPLEMENTAL OPINION ON DENIAL OF REHEARING Mr. JUSTICE McNAMARA delivered the opinion of the court: In a petition for rehearing, petitioner has requested that she be permitted at the present time to pay respondent his interest in the marital residence without awaiting the occurrence of any of the three events designated by the trial court. Petitioner asks that this payment be accomplished by means of a current appraisal of the residence. In response, respondent has urged a public sale of the residence in order to avoid the unfair effect of what he describes as a temporary but depressed condition of the real estate market. We reject respondent’s request for a public sale. However, we direct the trial court to appoint an appraiser to make a valuation of the residence. We further order that respondent be given leave to set an appraisal date on 30 days written notice to petitioner. Such appraisal date is to be designated by respondent not earlier than March 1,1980, and not later than September 1, 1980. The court-appointed appraiser shall make an appraisal of the residence as of the appraisal date, but not later than September 1, 1980. Within 60 days after the appraisal of the premises, petitioner is to pay respondent an amount computed as follows: the appraised value of the residence less the following: mortgage indebtedness; amounts paid by petitioner to reduce mortgage indebtedness after June 14,1978; amounts paid by petitioner for capital improvements after June 14,1978; and the cost of appraisal. This sum is to be divided by one-half and then reduced by *3,000, and this amount, but in any event no less than *17,000, is to be paid to respondent by November 1, 1980. In all other respects, we adhere to the conclusions and findings of our original opinion. Accordingly, the cause is remanded for further proceedings consistent with the views expressed herein. Affirmed in part; reversed in part and remanded. SIMON, P. J., and RIZZI, J., concur.