How’s this for chutzpah?
Our friend and her ex just signed a divorce settlement in court. In an agonizing decision to be first and foremost a good mom, our friend signed in order not to prolong the divorce and subject her children to further acrimony.
She felt the settlement was kind of unfair--no alimony for her although she makes under $30,000 per year and her ex used to make $200,000 in the years before he quit working so he would show no income during the divorce proceedings. (See our book chapter on RAIDS). And, she really regretted being forced to sell the family home and split the proceeds 50/50 since she had used a gift from her parents to make the full down payment.
But, by far the most bitter pill for our friend to swallow was agreeing to give her ex half of the sale proceeds from the apartment she had solely owned outright since way before she had even met him. His lawyer doggedly insisted that the ex had put sweat equity into the apartment(he once replaced the float ball in a toilet)and that there would be no settlement whatsoever unless the ex got his "fair share" of said apartment.
Our friend gritted her teeth, reminded herself that getting the divorce over with was best for the kids,and signed. The ex and his attorney immediately approached her and said she could buy the ex’s apartment share back from him for $150,000.
She recently had an appraisal done on the apartment--it was worth a total of $250,000 before the market crashed, and here was her ex trying to get her to buy her own property back from him at an inflated price. Heck of a guy! His new girlfriend is soooooooo lucky to have latched onto such a winner! Hope she gets him to sign a pre-nup!