How are sale proceeds and property-related expenses typically handled when a property is sold through a partition process? nc

How are sale proceeds and property-related expenses typically handled when a property is sold through a partition process? – North Carolina Short Answer In a North Carolina partition sale, the sale money is typically used first to pay sale-related costs and other approved charges, and the remaining “net proceeds” are then divided among the co-owners…

What can I do if a co-owner is making unfinished repairs or not paying utilities and the property is losing value? nc

What can I do if a co-owner is making unfinished repairs or not paying utilities and the property is losing value? – North Carolina Short Answer In North Carolina, a co-owner generally cannot unilaterally lock other co-owners out or let a jointly owned home deteriorate without consequences. Common options include (1) filing a partition action…

How do I find out whether I actually own a share of the inherited properties if I don’t have a copy of the will or estate paperwork? nc

How do I find out whether I actually own a share of the inherited properties if I don’t have a copy of the will or estate paperwork? – North Carolina Short Answer In North Carolina, ownership of inherited real estate usually becomes clear by checking (1) the public estate file at the Clerk of Superior…

What documents should I bring to an attorney meeting about dividing or selling inherited properties? nc

What documents should I bring to an attorney meeting about dividing or selling inherited properties? – North Carolina Short Answer For a North Carolina attorney meeting about dividing or selling inherited real estate, the most helpful documents are (1) anything that shows who owns the property and in what shares, (2) anything that shows the…