Hi
Query for a friend. Quick details as follows:
Separation in 2009. In 2010 agreement was made that wife would buy husband out of family home - the valuation on the house was €500,000 at the time with €300,000 equity. Agreement was €150k to husband with €100 up front and then €50k a year later. Now in the year the property dropped in value to below €300,000 and wife cannot secure further funds/mortgage etc to repay the €50k.
Question is - will a court look at the situation again and consider a new agreement i.e one where the 50k claim is dropped as it related to an older valuation or will she be held to the original judgment.
thanks in advance