What happens if the other co-owner claims there’s property damage like a burst pipe, but I don’t think it’s true or they haven’t shown proof? nc

What happens if the other co-owner claims there’s property damage like a burst pipe, but I don’t think it’s true or they haven’t shown proof? – North Carolina Short Answer In North Carolina, a co-owner’s claim of property damage does not automatically reduce another co-owner’s share or create a right to reimbursement. If the claim…

How can I tell if a proposed settlement offer in a co-owned property dispute is fair? nc

How can I tell if a proposed settlement offer in a co-owned property dispute is fair? – North Carolina Short Answer In a North Carolina co-owned property (partition) dispute, a settlement offer is usually “fair” when it tracks what a court-ordered partition would likely produce: a defensible property value, the correct ownership percentages, and a…

Why does the court paperwork list only one petitioner when multiple co-owners are involved in the dispute? nc

Why does the court paperwork list only one petitioner when multiple co-owners are involved in the dispute? – North Carolina Short Answer In a North Carolina partition case, only one co-owner needs to start the case, so the court paperwork often lists a single “petitioner” even when several co-owners support the filing. North Carolina law…

How can we sell a jointly owned inherited house without going to court if the other co-owner will agree to a settlement? nc

How can we sell a jointly owned inherited house without going to court if the other co-owner will agree to a settlement? – North Carolina Short Answer In North Carolina, co-owners can usually sell an inherited house without court if everyone who holds title signs (1) a written settlement agreement that covers the sale terms…

Can the commissioner turn the sale proceeds over to the court instead of holding the funds, and what are the pros and cons? nc

Can the commissioner turn the sale proceeds over to the court instead of holding the funds, and what are the pros and cons? – North Carolina Short Answer Yes—depending on the court’s order and the circumstances, a commissioner in a North Carolina partition sale can ask the Clerk of Superior Court to have sale proceeds…