§ 873.630.Sale On Credit
Title 10.5. Partition of Real and Personal Property · Chapter 6. Sale of the Property · Article 2. Sales Procedures · Enacted 1976 · no amendments on record · Last verified July 28, 2026
Full Text of § 873.630
Plain-English Summary
Not every buyer can pay cash in full, and this section gives the court room to accommodate that. The court may direct a sale on credit for the property or any part of it, and prescribe whatever terms of credit are appropriate to the transaction.
Because a credit sale leaves part of the purchase price unpaid at closing, the court also controls the protection behind it: approving or prescribing the terms of the security taken on the sale, including how title to that security is held.
That last piece is notably flexible — the security can be held in a single instrument or in several instruments, structured according to the interests of the parties, so a credit sale can be tailored to fit multiple co-owners with differing shares.
Frequently Asked Questions
Can partitioned property be sold on credit rather than for cash?
Yes, the court may direct a credit sale for all or part of the property.
Who sets the credit terms?
The court, which may prescribe whatever terms of credit are appropriate.
What protects the parties if the buyer doesn't pay in full upfront?
The court approves or prescribes the security taken on the sale, including how title to that security is held.
Amendment History
Added by Stats. 1976, Ch. 73.