the HELOC is not for house#2, which will become mine.
the HELOC is for house#1 , which will become his.
but even so, I still do not see why I should pay 67k
1. house#1 160k-53k-0 HELOC =107k x 30% = 32.1k
2. house#2 105k-0 -77k HELOC = 28k / 2 = 14k
3. I agree to 5k for his credit cards (I shouldn't.... but I want to finish with this)
77k HELOC - (32.1k-14k-5k) = 63.9k
am I correct?
but if the HELOC is going agaisnt house#2 .... based on the fact when we married he just did a third mortgage for house#1 (to pay off his ex wife), mortgage became 127k. during our marriage WE paid 74k against this mortgage (in 7 years and 6 months), plus we paid over 50k debts from his first marriage
then I think I am entitle for more than 30% from house#1,
don't you think?