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. Olivia owned a house before her marriage. She sold it and used the proceeds as...

. Olivia owned a house before her marriage. She sold it and used the proceeds as a down payment on another
house after getting married. The mortgage payments on the new house are made during the marriage using the
earnings of both Olivia and her spouse. The result is that the equity in the house is what type of property?
A. Community property
B. Commingled property
C. Separate property
D. Individual property

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Answer #1

Since both spouses are investing in this property it will be considered a commingled property. If there is a divorce situation it will be shared between both of them equally.

Answer is option B.

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