If the property sells for less than what one co-owner says they’re owed, can that co-owner sue the rest of us personally for the difference? – North Carolina Short Answer Usually not in a standard North Carolina partition case. A co-owner’s claim to be repaid for money they advanced toward the property is typically handled…
Do we need to file a partition case to force a sale, or can we handle the sale with a written family agreement instead? – North Carolina Short Answer In North Carolina, a written family agreement can handle a sale only if all true owners agree and can deliver clear title to a buyer. If…
How is a buyout amount calculated when there’s still a mortgage on the house and I’ve paid money into repairs or expenses? – North Carolina Short Answer In North Carolina, a buyout in a co-owned home usually starts with the home’s fair market value, then subtracts valid liens like the mortgage to get the equity.…
What happens if one co-owner refuses to cooperate or won’t sign from out of state? – North Carolina Short Answer In North Carolina, one co-owner’s refusal to cooperate or sign documents does not necessarily stop a partition case. A co-owner who wants to end shared ownership can file a partition proceeding in Superior Court and…
How do we confirm whether there was a valid will and how it affects who owns what share of the property? – North Carolina Short Answer In North Carolina, the usual way to confirm whether there was a valid will is to check the county estate records where the person lived at death to see…
What happens in a partition case if there are homes on the land or there might be a mortgage or other liens? – North Carolina Short Answer In North Carolina, a partition case can still move forward even if there are homes on the land and even if there is a mortgage or other liens.…
Now that my parent has passed and the lifetime rights are over, can we move forward with a partition to force the sale of the house? – North Carolina Short Answer Yes, in North Carolina, once the life tenant has died and the life estate (lifetime rights) has ended, the remainder owners typically have a…
Can the commissioner or buyer still close if someone is still living in the property, and what are the risks? – North Carolina Short Answer Yes—under North Carolina partition-sale procedure, a sale can still be confirmed and the buyer can often move forward even if a co-owner is still occupying the home. The practical problem…
What happens if we miss the refinance closing deadline because the deed or settlement paperwork isn’t ready in time? – North Carolina Short Answer In North Carolina, missing a refinance closing deadline usually means the lender can cancel or reissue the closing package, extend the deadline, or require updated approvals (like refreshed payoff figures, rate…
How can we sell a co-owned family property when the deed history is messy because of an old quitclaim deed? – North Carolina Short Answer In North Carolina, a messy deed history (including an old quitclaim deed) does not always prevent a sale of a co-owned family property. If the co-owners cannot agree on a…