How is my share calculated when a jointly owned house is sold? | NC

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Q: How is my share of the proceeds calculated when a jointly owned house is sold through the court? A: Usually, your share starts with your ownership percentage — but it is based on the net sale proceeds, not the full sale price. That means the money is reduced first by sale costs, approved fees, mortgage payoff amounts, and other valid liens that must be paid from the property. After those…