What can I do to clear title on a house when the original estate paperwork is incomplete or missing pages? nc

What can I do to clear title on a house when the original estate paperwork is incomplete or missing pages? – North Carolina Short Answer In North Carolina, incomplete or missing estate paperwork often leaves a “cloud” on title that prevents a sale or refinance. Common solutions include (1) reopening or completing the estate file…

What happens in a partition action if the ownership percentages on the deed don’t match who actually paid for the property? nc

What happens in a partition action if the ownership percentages on the deed don’t match who actually paid for the property? – North Carolina Short Answer In North Carolina, a partition case usually starts with the ownership interests shown in the recorded deed. But the court can still adjust the final dollars each co-owner receives…

If repairs are needed to sell the property, can contractors be paid from the sale proceeds and do all co-owners have to agree? nc

If repairs are needed to sell the property, can contractors be paid from the sale proceeds and do all co-owners have to agree? – North Carolina Short Answer Often, yes—repairs that are truly necessary to get a North Carolina partition property sold can sometimes be paid as a sale expense from the closing proceeds, but…

If the other co-owner collected rent or let people live there rent-free, can that affect how the partition proceeds are distributed? nc

If the other co-owner collected rent or let people live there rent-free, can that affect how the partition proceeds are distributed? – North Carolina Short Answer Yes. In North Carolina, co-owners generally share proportionally in rents and profits actually received from third parties, and a co-owner who received more than their share can be required…

Can a co-owner transfer inherited property to themselves with a deed if another co-owner or the estate trustee did not agree? nc

Can a co-owner transfer inherited property to themselves with a deed if another co-owner or the estate trustee did not agree? – North Carolina Short Answer Usually not. In North Carolina, a co-owner can generally deed only the share they actually own, and they cannot use a deed to take another co-owner’s share without that…

If one co-owner has used the property more than the others, can that affect the final split of proceeds or the buyout terms? nc

If one co-owner has used the property more than the others, can that affect the final split of proceeds or the buyout terms? – North Carolina Short Answer Yes. In North Carolina, unequal use can matter if it ties to money issues the court can adjust for—such as one co-owner collecting rents/profits, paying (or not…