CNTower
2021-05-22 23:15:34
Net asset = Fair Market value (appraised value) - liability (mortgage)
(My guess)- assume mom has no share in the price apreciation.
e.g : FMV $10,000,000
Mom- paid $3,000,000
husband paid $2,000,000
wife paid 0
Mom will get back $3,000,000
!0,000,000-3,000,000 = $7,000,000 is considered family assets
Husband and wife will get $3,500,000 each or husband must pay wife $3,500,000 to buy out her share or vice versa
If mom can share the price appreciation, then the calculation will be very complicated.
e.g. Original price $8,000,000 and mom paid $3,000,000 down payment. then mom ma be able to share 3/8 of the appreciated value.
I don't think thi sis the case here because his mom's name is not on the title/deeds.