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#1 |
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co-owners selling the house, do I get my half plus the down payment
I owned a home in my name only, I sold the home and bought a new home with a friend. Both of our names are on the loan but it was my money from my sold property that went for the down payment. The homes were sold and bought in the same month and there is a paper trail of the money. QUESTION: When the house is sold am I legally intitled to half of the profit, plus my down payment or am I intitiled only to half because the house is in both of our name?
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#2 |
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Normally the down payment would be paid back to you first and then profit is divided; but it really is what you agreed. There is no law that says how you have to agree on that issue.
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