Can someone make a private offer to my co-owner during a partition sale and will the commissioner consider it?: North Carolina

Can someone make a private offer to my co-owner during a partition sale and will the commissioner consider it? – North Carolina Short Answer Once the Clerk of Superior Court orders a partition sale and appoints a commissioner, all offers should go to the commissioner, not to an individual co-owner. The commissioner can consider a…

What forms and notices are required to start a partition action for personal property?: North Carolina

What forms and notices are required to start a partition action for personal property? – North Carolina Short Answer In North Carolina, you start a partition of personal property (like vehicles) by filing a verified petition as a special proceeding with the Clerk of Superior Court and issuing a Special Proceedings Summons (AOC‑SP‑100). You must…

How do I legally compel my relative to cover maintenance and taxes as the life tenant?: North Carolina

How do I legally compel my relative to cover maintenance and taxes as the life tenant? – North Carolina Short Answer In North Carolina, a life tenant must pay the property’s ordinary expenses—like ad valorem taxes, insurance, and basic upkeep—and must avoid “waste.” If a life tenant refuses, a remainder interest holder can file a…

How do I use the property as collateral to secure a loan for a co-owner buyout?: Practical steps under North Carolina partition law

How do I use the property as collateral to secure a loan for a co-owner buyout? – North Carolina Short Answer In North Carolina partition cases, you can usually finance a co-owner buyout by either: (1) a court-approved private sale to you with a purchase-money deed of trust recorded at closing, or (2) an allotment…