Does a loan that was purchased before the marriage gets refinanced after the marraige does that make it community property
Question Details: I live in Ohio, the home was bought prior to marriage just in one person's name and is going to be refinanced but stay in just that person's name after the marriage
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The amount of equity in the home that increases during the marriage is marital property unless all payments are made with separate property like an inheritance. If payments are made with income at least a portion of the house is considered marital property. Ohio is not a community property state but rather an equitable distribution state. How much of the house is considered marital property would be based on facts not in evidence.
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