At the time of the divorce order, the court will determine what amount of equity is in the home. Let's say that amount is $240,000.00. Since 60K of this equity was gifted, 30K would go to you and another 30 K would go to wife. Now, that leaves 180K which you and mom get 50% each based on the title. So, that leaves 90K for you of which you owe 50% of that to wife as community property.
Whoever is on the loan documents are jointly and severally responsible for paying the mortgage. If anyone stops paying, they will put the equity at risk and cut into their potential divided shares because the court will have to deduct the bank's legal fees and the cost of foreclosure out of the 240K before any of you get it.
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