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201500633
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Last modified
2/2/2015 9:10:07 AM
Creation date
2/2/2015 8:57:36 AM
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DEEDS
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201500633
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Page,3 3 of <br />201500633 <br />The parties bought a house located at 803 S. Sycamore in 1993 or 1994. <br />That house was later sold and the parties received approximately $40,000 from <br />that sale. They then purchased a house at 2222 W. 17 Plaintiff testified that she <br />didn't know if the proceeds from the S. Sycamore property sale were applied <br />against the W. 17 Street property and also stated she "believed ", but didn't know, <br />if the proceeds from Defendant's 401(k) were applied to the mortgage. The more <br />reliable and credible evidence is that $40,000 from the sale of the S. Sycamore <br />property was applied against the mortgage or the down payment on the current <br />residence that was purchased for $92,000 and the remaining mortgage balance of <br />approximately $52,000 was paid by Tung T. Le. The evidence by Defendant <br />showed that Tung paid the mortgage payments until 2009 when he paid off the <br />mortgage balance. Whether such payments are treated as a gift to Defendant or a <br />loan to Defendant is inconsequential and Defendant should be given credit for the <br />loan or gift from Tung T. Le. Although Plaintiffs attorney seems to insinuate that <br />such payments were a gift to Plaintiff also, such claim is contrary to the evidence <br />since Plaintiff was unaware that the payments were even being made. The only <br />evidence of the value of the real estate, other than the purchase price, is the value <br />as of the date of the final hearing, $102,979. <br />At the time of separation the parties owned a 1994 Nissan King Cab which <br />is valued by Plaintiff at $1,450 and a 1996 Chevrolet Cavalier which is valued by <br />Plaintiff at $1,725. Defendant testified that the parties minor son was involved in <br />
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