Legal Opinion · Dissent

In re Foreclosure of Deed of Trust Recorded in Book 911

Court of Appeals of North Carolina

Decided December 16, 1980No. 8025SC309Published

1Dissent

Judge Vaughn

dissenting:

The issue is whether surplus proceeds from the foreclosure sale of realty held as tenants by the entirety may be constructively deemed to be entirety property even though such proceeds are personalty. The majority holds that such proceeds take on an entirety character because they are created by an involuntary conversion of realty held by the entirety. The result is that an individual judgment creditor of the husband may not enforce its claim against the proceeds since entirety property is only subject to claims upon a joint obligation of the husband and wife. I…

2Cases cited27 opinions

  1. Davis v. . BassSupreme Court of North Carolina · 1924
  2. Bruce v. . NicholsonSupreme Court of North Carolina · 1891
  3. Johnson v. . LeavittSupreme Court of North Carolina · 1924
  4. Bynum v. Wicker.Supreme Court of North Carolina · 1906
  5. Hawthorne v. HawthorneNew York Court of Appeals · 1963

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