The parties to this action are husband and wife, who were married in 1956 and hold title to the marital residence hereinafter described as the "E. Lake Rd. house" as tenants by the entirety. In August 1986, the parties separated and in October 1987 defendant commenced an action for divorce. In February 1987, defendant wrote plaintiff a letter in which she stated, "I'll accept $55,000 as my half of the E. Lake Rd. house." The letter contained...
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