Can shared ownership of a house after divorce hurt me if the other person makes late payments or lets the property fall into bad condition? – NC

Can shared ownership of a house after divorce hurt me if the other person makes late payments or lets the property fall into bad condition? – NC Short Answer Yes. In North Carolina, shared ownership after divorce can create real risk if one former spouse stays on title while the other remains responsible for the…

Is it possible to buy out a co-owner’s share instead of selling the entire property, and how is the buyout amount determined? NC

Is it possible to buy out a co-owner’s share instead of selling the entire property, and how is the buyout amount determined? – NC Short Answer Yes. In North Carolina, co-owners can often resolve a partition dispute by having one owner buy another owner’s interest instead of selling the whole property, but the buyout usually…

Can a co-owner take items out of the house while we are still disputing whether the property will be sold? – NC

Can a co-owner take items out of the house while we are still disputing whether the property will be sold? – NC Short Answer Usually, no co-owner should unilaterally remove disputed household items while a North Carolina ownership dispute is still being worked out, especially if a trust or other governing document says the items…