Closing costs of home sale

Ask a Lawyer


Country: United States of America
State: Michigan

how is the equity in a home divided and do the parties have to split the closing costs or does the person who is refinancing absorb the cost? I'm asking because the closing costs are quite high due to the other person having such poor credit?


What is the ownership agreement...normally 50/50 if both are paying etc. and intend to own it 50/50.