Can sale proceeds be held in escrow until creditor claims end? | NC

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Q: Can money from the sale be held in escrow or a trust account until creditor claims are resolved? A: Yes — often it can. When a property sale happens before creditor issues are fully sorted out, the sale can sometimes close while the proceeds are held in escrow or a trust account instead of being released right away. That can protect the estate, the heirs, and the closing side while the…