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How are sale proceeds split if a co-owner caused damage? | NC
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Q: How are sale proceeds divided if one co-owner damaged the property or refused to contribute to expenses? A: In North Carolina, the court usually starts with each co-owner’s legal ownership percentage. But the final payout can be adjusted for proven credits, offsets, and damages. If one co-owner paid property taxes, insurance, necessary repairs, or other costs that preserved the property, that…