Sister Wives star Kody Brown has taken his and Robyn Brown‘s costly Flagstaff home off the market. This determination coincides with Christine Brown submitting a lawsuit towards her ex, Kody that might price him large bucks.
So, the query on everybody’s thoughts is – is Kody taking part in actual property video games to keep away from paying what he owes to at least one (or extra) of his ex-wives? As a result of all three of his exes have cash that’s tied up within the fairness of Robyn and Kody’s residence.
On TLC’s Sister Wives, the timeline of occasions is as follows:
- In August, Kody and Robyn listed their 4,400 sq. foot, five-bedroom, four-bath residence for $1.65 million. This was almost double the $890,000 they paid for it in 2019.
- Then on September fifteenth, Sister Wives season 19 premiered. And, the next day, Christine’s lawyer filed a lawsuit towards Kody Brown. The go well with is to ascertain Kody’s paternity as Truely Brown’s father. With that comes a requirement for present and again youngster assist funds.
- By October eighth, Kody had taken the home off the market. However, not earlier than slashing the worth by $700,000 to $949,000. This quantity was simply $59,000 above their buy value from 5 years earlier.
This transfer appears suspicious. What had been Kody and Robyn’s motives for pulling the itemizing? May they’ve slashed the worth, then pulled the itemizing, to make it appear to be there is no such thing as a fairness in the home? Or no curiosity out there?
Sister Wives: Kody Brown Takes Flagstaff Home Off Market Amid Christine’s Lawsuit
Sister Wives followers noticed the household transfer from Las Vegas to Flagstaff, Arizona, in mid-2018. And this was the start of their present monetary entanglements.
When Robyn discovered her massive dream home in 2019, she and Kody didn’t have the funds for for the down cost. On the time, Kody was nonetheless spiritually married to Christine Brown, Janelle Brown, and Meri Brown.
So, all three of his different Sister Wives, needed to kick in a few of their very own cash in the direction of the down cost. In different phrases – all three of the opposite wives paid in the direction of the down cost on Robyn Brown’s home.
Janelle believed that the contributions had been massive sufficient to warrant including her, Meri, and Christine on the authorized paperwork (just like the mortgage). However, Kody refused. And claimed that it was essential to “defend” Robyn’s property.
Robyn addressed this on a Sister Wives episode. She requested, “How do you… how do you calculate, how do you work that out? It’s so complicated.”
Besides it’s not. They understand how a lot every spouse gave them. That’s the principal of the mortgage. So, she and Kody owe that plus an inexpensive rate of interest. That is just like what Kody and Robyn Brown would have needed to pay for a second mortgage to cowl the down cost they couldn’t afford themselves.
Or, you could possibly take the amount of money every spouse put in in the direction of the home, and rely it in the direction of a proportion of possession. For example, if every spouse put in equal quantities then every would personal 25% of the home.
Now, merely get the expensive Flagstaff home appraised and pay every ex-wife their proportion of the proceeds from the sale after the mortgage is paid off. Simple peasy.
However claiming that it’s too onerous to calculate compensation, so that you don’t need to pay it again is ludicrous.
SW: Janelle, Meri, and Christine Owed Cash from Robyn’s Home Down Fee?
Janelle Brown already talked about on a latest episode getting a lawyer to resolve the difficulty. As a result of Kody stated on Sister Wives that he refuses to speak about it along with her. Or give her any particulars.
The mixture of Janelle’s risk of authorized motion and Christine’s lawsuit for youngster assist may clarify why Kody’s doesn’t wish to promote the home proper now.
If he and Robyn obtain money from the sale, they may very well be required to pay a portion to Christine for again youngster assist when the court docket ruling is issued.
Christine must be entitled to no less than three years of again youngster assist, if no more. Quite a bit will depend on when Kody stopped supporting Truely Brown. Plus, he’ll need to pay ongoing youngster assist till Truely turns 18 (or probably longer if she attends school).
As for Janelle, Meri, and Christine Brown, they need to, at a minimal, be capable of recuperate the cash they invested. Plus curiosity, capped at 10% in keeping with Arizona state regulation.
If Kody Brown sells the property, he probably could be compelled to repay his three ex-wives for his or her funding.
By selecting to not promote, Kody and Robyn might be able to delay repaying Meri, Janelle, and Christine. This really provides Kody and Robyn a purpose to by no means promote the home.
In actual fact, in the event that they did transfer to a special residence, they may maintain the home and switch it into rental property. Wouldn’t you want to remain at a giant AirBNB close to Coyote Move owned by Robyn and Kody Brown and see all her “superior paintings” on the partitions?
