The parties were married four years and produced one child. Prior to their marriage, they purchased a home as joint tenants in the Village of Valatie, Columbia County, for $27,000 with a $10,000 cash down payment, made by defendant from his own funds, and the parties' assumption of a $17,000 mortgage obligation. When the parties separated, the home was valued at $48,800 and the mortgage balance was $15,800.
At the outset of the...
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