How Are Sale Proceeds Divided When Co-Owners Disagree? | NC

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Q: What happens if co-owners disagree about how to divide proceeds after a house is sold? A: In North Carolina, the proceeds generally remain held until the co-owners reach an agreement or the Clerk of Superior Court decides how to distribute them. Ownership percentages are the starting point. However, a co-owner may request reimbursement for qualifying expenses, such as property taxes,…