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Joined: Jun 1999
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I received the money from refinancing my house that I owe to my x. In the divorce agreement I have 90 days after refinancing to pay her. I have put the money in money market account.<P>I'm struggling now between giving her the money now or holding on to it for the 90 days and get a few hundred dollars in interest.<P>I could use the interest to pay my lawyer fees, but I don't really have any need for it otherwise. I guess I'm trying to "punish" her by holding on to it.<P>I guess it would build some good will if I gave to her now as opposed to later.<P>She told me last nite that "she" is closing on a house on March 15 and didn't need the money for a down payment. The only thing I can figure is that om's mother is making the downpayment for her and then she will repay her with the settlement money.<P>Up until today I was all set to just hold on to the money for 90 days, now I'm not so sure.<P>Opinions ?<BR><P>------------------<BR>"You can't always get what you want! But if you try real hard,you might just find, you get what you need!"<BR>Mick Jagger
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Joined: Sep 1999
Posts: 5,406
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Bob...<P>If she doesn't need it...<BR>It's a coin toss...<P>I'd keep it for the 90 dasy...<P>Jim
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Joined: Dec 1999
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I would hold onto it if she doesn't ask for it. Use the interest to get yourself or your kids something nice for the he11 you've been through. Will it really change her opinion of you if you give it to her now or later? If not, keep it.
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Joined: Dec 1999
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I'd say hold on to it. Let it collect some interest. You might not really need it now, but its always nice to have extra. If she asks for it before the 90 days, then go ahead. <P>------------------<BR>"If you can learn from the mistakes of others, you won't have to make them youself."<P>lady_divine77@yahoo.com
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Joined: Dec 1969
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RWD:<P>If you have no real "need" for the money generated from interest, I'd say give it to her without delay.<P>It never hurts to be kind or generous.
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Joined: Jan 2000
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I'd give it to her. Why be petty...be generous...it is a better way to be.
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Joined: Oct 1999
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<BR>RWD,<P>You could split the difference and wait 45 days. ![[Linked Image from marriagebuilders.com]](http://www.marriagebuilders.com/forum/images/icons/smile.gif) <P>Bystander
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RWD:<P>You might want to check the laws of your state on this, but it might not make a difference WHEN you give her the money.<P>In some (maybe even most) states, once the money is determined to be hers, it doesn't matter how much time it takes you to give it to her, it (and thus, any interest earned on it) is hers.<P>In plain English, that means that if you keep it to earn the interest, it won't get you anywhere. You'll still owe her the money itself AND the interest you earned on it.<P>Like I said, that MAY not be the case in your state, but if you REALLY want to keep the interest, you better find out if you're entitled to it first.<P>------------------<BR>/// Lone Star * ///<P>P.S.: Hi, K. ![[Linked Image from marriagebuilders.com]](http://www.marriagebuilders.com/forum/images/icons/smile.gif) Nice to see you around again.<p>[This message has been edited by Lone Star (edited February 03, 2000).]
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Joined: Apr 1999
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I'd keep it for the 90 days and let it collect interest. Then I'd keep the interest to pay off those legal fees.
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Joined: Jun 1999
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Its funny how things work out.<BR>I was about at the point to give her the money when she called last night. She asked me if I had closed on the house. I said yes and she asked when was she going to get the check.<P>It seems that in trying to get her home loan, her loan officer checked with our former mortgage company and found out that the mortgage had been paid off.<P>That loan officer then said that my x should have received the check for the cash out and that we had violated federal laws doing by me getting the check.<P>I don't believe we violated any laws but my loan officer was a faster talker. When my x and I had the fight a couple weeks ago about signing some papers, I didn't find out till the next week that one set was for her to remove her name from the mortage and he didn't give me the date of the closing. So while not intential, I did mislead her and when I found out the truth, I neglected to tell her.<P>I suppose it was a case of the laon officer, a man, looking out for a man going through a divorce and her loan officer, a woman, looking out for a woman going through a divorce.<P>Anyway, I gave her a check for $34000 last nite.<P>I called her later that night, not to appologize, but to explain my side of the story with a cooler head. We ended up talking for about a half hour, our first peaceful conversation in months. Maybe my anger and resentment are starting to pass.
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