The die is cast. A 23 year friendship dies in the ashes of $, property, things, deceit, sorrow. May god guide me to make decisions based on the good, on love, hope, and forgiveness. Not bitterness, anger, vengeance.
X--
Thank you for your offer to buy out my interest in the house. I, too, would like to be the final owner of the house and am willing to buy you out.
I believe your equity calculation based on last year's appraisal is not totally accurate. That appraisal found a market value of $xxx. If we use that appraisal, the equity calculation would look like this:
Value spring 2009: $xxx
Mortgage Principal (current): $yyyy
Home Equity Loan (current) $zzz
Balance: $aaa
If we were to use these calculations, without taking into account other factors, half of the equity would be $bbb I am offering to pay you this amount in exchange for your interest in the house.
I expect we can reach an agreement on division of joint household items, and can be flexible about closing/moving dates.
