What happens if we can’t access the interior—will a CMA or an appraisal be enough evidence for court? – NC

What happens if we can’t access the interior—will a CMA or an appraisal be enough evidence for court? – North Carolina Short Answer In a North Carolina partition case, a court may consider both a broker’s comparative market analysis (CMA) and a licensed appraiser’s report as evidence of value, even if the interior cannot be…

How do sale costs, agent commissions, and any liens get paid and divided among co‑owners after a court‑ordered sale? – NC

How do sale costs, agent commissions, and any liens get paid and divided among co‑owners after a court‑ordered sale? – North Carolina Short Answer In a North Carolina partition sale, the court controls how the sale proceeds are collected and paid out. Sale expenses and approved commissions come off the top, then valid liens and…

How are shares divided when a co‑owner died before the case and their children or grandchildren are the ones who would inherit? – NC

How are shares divided when a co‑owner died before the case and their children or grandchildren are the ones who would inherit? – North Carolina Short Answer In a North Carolina partition case, a deceased co-owner’s share normally passes to that person’s heirs or devisees, and the partition court uses those inherited shares, not the…

Are there risks to relying only on exterior observations and comparable sales, and could that affect how the court divides the sale proceeds? – NC

Are there risks to relying only on exterior observations and comparable sales, and could that affect how the court divides the sale proceeds? – North Carolina Short Answer Yes. In a North Carolina partition case, an exterior-only value based on comparable sales can be helpful for settlement talks, but it is a limited and easily…

If I settle instead of continuing the partition, how is my share calculated when the home’s interior condition is unknown? – NC

If I settle instead of continuing the partition, how is my share calculated when the home’s interior condition is unknown? – North Carolina Short Answer In a North Carolina partition case resolved by settlement, a cotenant’s share is generally based on (1) that cotenant’s legal ownership percentage and (2) an agreed fair market value for…