Nidositko v. Nidositko
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
*654In January 1998, the plaintiff purchased a home in Maybrook for the sum of $83,000, executing a mortgage in the amount of $62,250, and paying the remainder with a gift from family members. The plaintiff and the defendant married on August 18, 2001. On December 20, 2002, the plaintiff conveyed the home to the defendant and herself. As part of the transaction, the home was refinanced, and the parties obtained a new mortgage loan in the principal amount of $110,000. Proceeds from the new loan paid the existing mortgage, plus $30,000 of the defendant’s separate indebtedness and $20,000 of the…
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