What happens if one heir has moved and hasn’t been served before we sign a private sale agreement?: North Carolina Partition Action

What happens if one heir has moved and hasn’t been served before we sign a private sale agreement? – North Carolina Short Answer In North Carolina, you cannot complete a private sale of heirs’ property unless every co-owner signs or a court orders the sale. If one heir has moved and hasn’t been served or…

What documents do I need to prove the current mortgage servicer and assignment in a partition action?: North Carolina

What documents do I need to prove the current mortgage servicer and assignment in a partition action? – North Carolina Short Answer In a North Carolina partition action, bring certified Register of Deeds copies of the recorded deed of trust and all recorded assignments to show the current lienholder, and written proof of any servicing…

How can I calculate a fair buyout amount for my co-owner’s share?: North Carolina Partition Action

How can I calculate a fair buyout amount for my co-owner’s share? – North Carolina Short Answer In North Carolina, a fair buyout starts with the property’s fair market value, then adjusts for liens and each co-owner’s contributions and use of the property. Typically, you calculate net equity (value minus mortgages and sale-like costs), apply…

Can I recover missed loan payments or repair costs when partitioning a co-owned vehicle?: North Carolina

Can I recover missed loan payments or repair costs when partitioning a co-owned vehicle? – North Carolina Short Answer Yes—North Carolina partition law lets a co-owner ask the court to sell a jointly owned vehicle and adjust the shares so the person who paid necessary carrying costs (like loan payments, taxes, insurance, or essential repairs)…

How can I get reimbursed for roof repairs and extra mortgage principal payments in a partition action?: North Carolina

How can I get reimbursed for roof repairs and extra mortgage principal payments in a partition action? – North Carolina Short Answer In North Carolina partition cases, the Clerk of Superior Court can award a co-owner credits for necessary carrying costs (like taxes, insurance, HOA dues), necessary repairs (such as a roof to preserve the…