Is it possible to “revisit” a divorce decree?

My ex was awarded half of the equity in my home at the time of the divorce 5 years ago. Immediately after, the housing market crashed. The 50% equity was to be paid at time of refinance or sale of the home. I ended up doing a short sale for $100 less than I paid. No equity.

Asked on March 14, 2012 under Family Law, Minnesota

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

Oh boy.  Please seek legal help with this as soon as you can.  The allocation of the marital assets was - I am sure - based upon the value of the house at the time of the divorce.  And while I am understanding of the situation you probably should have asked for a modification of the decree prior to sale. Good luck. 


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