In CA, how is it approached when 2 parties enter a loan to purchase a home then either want to sell and split ways or sell and move together.
The issue: Party A brought 35% equity into the new loan, Party B is shopping but is not sure they want to go into the new home with party A or not. In conversation, party B feels the equity should be split 50/50. Party A feels the original 35% should be returned, then any equity there after accumulated in the time they were on the loan together can be split 50/50. If it was not in writing, what needs to be done to protect party A's investment. Just for clarification, both parties live on the property and expenses are split fairly evenly including mortgage.