Remember all those documents you signed when you bought your house?
Every house is document intensive.
In family matters, you need house documents and information early in the legal process (elder, divorce, trust and estates), to protect your financial future and for advance, informed decision making.
Appraisal - Mortgage = a (gross net) number. Probably not your actual equity.
You need more information than an appraisal and more documents than just your mortgage balance statement. To accurately calculate house equity, be sure to consider things that lower your house value, including liens and condition issues. Also, investigate issues that may prevent successful house resale like title and insurance issues.
Get house documents handled early in the legal process - sooner is better!
Now is not the time to leave real estate to chance, given property division is most likely permanent.
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