Real Estate Law
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Hi and welcome to JA. Ray here to help you today.Please bear with me a few moments while I review your question, conduct and prepare your response.
Did you actually get the $8k here or was it divided at the time you got it, some more information please, thanks.
No if you paid the $8k as down payment and got the refund thats a wash here and you only owe the 50% of what it sells for or the equity.
I do not see you owe partner anything on the $8k you paid, you got thee refund.I think that part is a wash.
Thanks for the follow up, good luck with the sale here.
I think you would split the equity here, as I understand you put the $8k down but got the return so thats a wash.Any equity from the sale should be equally divided assuming both made the payments.If you made all the payments you should keep the equity.
Thanks for the follow up let me know if I got this right as to your situation here.