Back to the article
Video guide
Can the court decide how partition sale proceeds are distributed? | NC
About this video
Q: Can the court decide how sale proceeds should be distributed in a partition case? A: Yes. In North Carolina, if co-owners cannot agree, the court can determine each owner’s share and order how the held proceeds are paid. Ownership percentages are the starting point. The court may then consider valid claims for mortgage payments, insurance, necessary repairs, improvements, or other property…