The distribution of funds from the sale of your home follows a specific sequence. Firstly, the proceeds will be utilized to repay any outstanding amounts owed to lenders, followed by settling any closing costs owed to third parties. Afterwards, the total sum of principal payments you have made towards your mortgage will be returned to you. It’s important to note that an adjustment will be made to this amount to ensure that your portion of the home sale proceeds covers the closing costs, which are your responsibility. Lastly, the remaining proceeds, which represent the appreciation in the home, will be divided based on our respective equity percentages. To gain more detailed information about the specific distribution process of home sale proceeds, we encourage you to submit an application and speak directly with a member of our team.