Can a partition case account for damage, theft, or waste caused by the other co-owner or their guests? NC

Can a partition case account for damage, theft, or waste caused by the other co-owner or their guests? – NC Short Answer Yes. In North Carolina, a partition case can address financial issues tied to co-owned property, including contribution for mortgage payments, taxes, insurance, repairs, and qualifying improvements, and a separate claim may also be…

What does it mean to “reinstate” a mortgage during a foreclosure or default situation, and how does that affect my options? – NC

What does it mean to “reinstate” a mortgage during a foreclosure or default situation, and how does that affect my options? – NC Short Answer In North Carolina, to reinstate a mortgage usually means paying the past-due amounts, late charges, and other allowed costs so the loan is brought current and the foreclosure can stop…

How can I get a legally binding written agreement that gives me time to refinance and keep the house in exchange for the other co-owner walking away? NC

How can I get a legally binding written agreement that gives me time to refinance and keep the house in exchange for the other co-owner walking away? – NC Short Answer In North Carolina, the usual way to make that kind of deal legally binding is to put the settlement in a detailed written agreement…