How does North Carolina law allocate proceeds when a tenant-in-common ex-spouse never paid the mortgage?
Detailed Answer When a decedent’s estate includes real property held as tenants in common with an ex-spouse, the personal representative must first satisfy all valid liens, including any outstanding mortgage, from sale proceeds if the property is sold. Under N.C.G.S. 28A-15-1, the clerk may authorize sale of estate property to pay funeral expenses, administration costs,…
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