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If two people own a property and one wants out and one wants to keep it do they get there initial deposit back if house is in the negative?
Wiki User
∙ 14y ago
The equitable and fair decision would seem to be this: Calculate the percentage of loss in the home's value since it was purchased - then take this percentage and apply it to the amount of the down payment fronted by each partner - then reduce that partner's down payment amount by that same percentage and THAT would seem to be the fair and equitable amount.
Wiki User
∙ 14y ago
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