What happens with rent from the person living in the home during a partition case, especially if payments are late? – NC

What happens with rent from the person living in the home during a partition case, especially if payments are late? – North Carolina Short Answer In a North Carolina partition case, rent paid by a third-party occupant is generally treated as income of the co-owned property and belongs to all co-owners in proportion to their…

Can I force a full accounting of rental income, mortgage payments, and cash-out refinance proceeds before any payout is finalized? – NC

Can I force a full accounting of rental income, mortgage payments, and cash-out refinance proceeds before any payout is finalized? – North Carolina Short Answer Under North Carolina law, a cotenant can ask the court in a partition proceeding to require a full accounting of rents, profits, and carrying costs before the court approves any…

What records confirm a court-approved sale is complete, such as an order confirming sale, deed, or final accounting? – NC

What records confirm a court-approved sale is complete, such as an order confirming sale, deed, or final accounting? – North Carolina Short Answer In a North Carolina partition special proceeding, a court-approved sale of real estate is generally confirmed and completed by three key records: (1) an order confirming the partition sale entered by the…

What happens if one co-owner will not sign a settlement to sell the property or refuses to agree on reimbursements? – NC

What happens if one co-owner will not sign a settlement to sell the property or refuses to agree on reimbursements? – North Carolina Short Answer Under North Carolina law, a co-owner cannot permanently block a sale just by refusing to sign a settlement. Any cotenant may ask the clerk of superior court for a partition,…

If probate isn’t finished, who can control or sell the property and how do I protect my child’s and grandchild’s shares? – NC

If probate isn’t finished, who can control or sell the property and how do I protect my child’s and grandchild’s shares? – North Carolina Short Answer Under North Carolina law, real estate can often be treated as belonging directly to the heirs even while probate is still open, so any co-owner (heir) may file a…