If an insurance claim check was issued for property damage, what happens to that money if the home is sold as-is or foreclosed before repairs are completed? nc

If an insurance claim check was issued for property damage, what happens to that money if the home is sold as-is or foreclosed before repairs are completed? – North Carolina Short Answer In North Carolina, insurance claim money tied to damage on a mortgaged home usually does not automatically “follow” the sellers if the home…

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…