What happens if a settlement agreement to divide the land was signed but the other side backed out before anything was done? nc

What happens if a settlement agreement to divide the land was signed but the other side backed out before anything was done? – North Carolina Short Answer In North Carolina, a signed settlement agreement to divide co-owned land may still be enforceable even if the other side later refuses to follow through. But a signed…

What happens if the co-owner who lives in the home refuses to cooperate with listing or showings during a partition sale? nc

What happens if the co-owner who lives in the home refuses to cooperate with listing or showings during a partition sale? – North Carolina Short Answer In North Carolina, a co-owner’s refusal to cooperate with listing or showings usually does not stop a court-ordered partition sale. Once the court orders a partition sale and appoints…

What happens during the upset-bid process, and can I still bid to buy the property myself even if we didn’t move forward earlier? nc

What happens during the upset-bid process, and can I still bid to buy the property myself even if we didn’t move forward earlier? – North Carolina Short Answer In North Carolina, an upset bid is a higher bid filed with the Clerk of Superior Court after a court-supervised sale is reported. Each upset bid must…

If co-owners agree to a partition sale, how is the auction or sale process handled and how are proceeds divided? nc

If co-owners agree to a partition sale, how is the auction or sale process handled and how are proceeds divided? – North Carolina Short Answer In North Carolina, even when co-owners agree that a partition sale is the best solution, the sale is typically carried out through a court-supervised process in the Clerk of Superior…

If a trust attorney represents the trust, do I still need my own lawyer to protect my share when a co-beneficiary becomes hostile? nc

If a trust attorney represents the trust, do I still need my own lawyer to protect my share when a co-beneficiary becomes hostile? – North Carolina Short Answer Often, yes. In North Carolina, the lawyer involved in trust or estate administration commonly represents the fiduciary (the trustee or executor) or the trust/estate administration—not each beneficiary…