Lyle v. Lyle

James R. Cooper, Judge.

In this divorce case involving the division of marital property, the issue on appeal concerns the correctness of the chancellor’s decision to give each party credit for that portion of the downpayment contributed by each of them toward the purchase of a residence held as tenants by the entirety. We hold that the chancellor erred.

The parties have twice married and divorced each other. In the interim between the first divorce and the subsequent remarriage, the appellee purchased two parcels of real property: an unimproved parcel of land in Little Rock and a residence in…