North Carolina General Statutes Chapter 41. Estates § 41-93. Rights of creditors in property held by tenancy in common

Current as of January 01, 2023 | Updated by Findlaw Staff

(a) The interest of a cotenant in the property may be sold pursuant to a proceeding for satisfaction of a debt to a creditor, including the following:

(1) In an execution sale where the creditor has obtained a judgment lien against that cotenant.

(2) Under a power of sale in a mortgage or deed of trust against that cotenant's interest in the property.

(3) In a judicial sale where that cotenant's interest in the property is ordered to be sold.

(b) A sale of an interest of a cotenant as described in subsection (a) of this section does not affect another cotenant's interest in the property.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 41. Estates § 41-93. Rights of creditors in property held by tenancy in common - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-41-estates/nc-gen-st-sect-41-93/

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