Posted to Relevant News
by Jill Brooke on Wed, 01/28/2009 - 9:22am
Marital homes are not only assets but increasingly sources of dueling divorce battles. And here's a doozy that was reported in People.
Debbie Matenopoulos's estranged husband says their marital house is now only worth $4.3 million and not $8 million, and she better sell or he'll stop supporting the Los Angeles' home's upkeep.
In court documents, Jay Faires, 45, an L.A. music executive who makes $37,500 per month before taxes, is demanding that the E! Entertainment host, 33, either help pay the mortgage, agree to refinance, or move out and sell the home, according to his filing.
Furthermore, pulling the rug from under her, he says they both lived beyond their means and she had better adapt to a new reality.
He also says he's floored by all the expenses that he has to pay compare to her.
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