- Oct 5, 2004

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Jack and Sally own properties worth $261,000. They owe $155,00 on said properties.

Along comes a divorce.

Sally agrees to take two properties worth $115,000. Jack agrees to take properties worth $146,000.

Sally had $20,000 worth of equity in one of the properties at the beginning of the marriage.

To divide the portfolio equally, taking into consideration Sally's pre-marriage equity, what %age of the $155,000 does Jack owe? What %age does Jack owe?

I realize that in the real world, Jack owes $155,000 and Sally gets properties worth $261,000, but this a hypothetical Utopian situation.

So you can poke fun at me, I came up with Jack 59% and Sally 41% (roughly).

How the hell do you figure it out?