How is fair market value determined and what role does an appraisal play in a partition sale? – North Carolina Short Answer In North Carolina, fair market value (FMV) is the price a willing buyer and seller would agree to in an open market. In a partition case, FMV may be set by an independent…
What’s the process to buy out a co-owner’s interest and refinance the mortgage solely in my name? – North Carolina Short Answer In North Carolina, you can buy out a co-owner by agreement or, if you cannot agree, through a partition special proceeding before the Clerk of Superior Court. The buyout amount usually reflects each…
How can I legally require my co-owner to pay her share of utilities and HOA fees after she moved out? – North Carolina Short Answer In North Carolina, you typically cannot force a co-owner to make monthly payments outside of a written agreement. Your main legal remedy is to file a partition proceeding with the…
What happens if I file my response after the 30-day deadline for a partition action? – North Carolina Short Answer In North Carolina, partition cases are special proceedings before the Clerk of Superior Court, and the standard response deadline is 10 days from service, not 30. If you miss the deadline, there is no automatic…
How can I locate deed and tax ID records for properties that weren’t recorded after a parent’s death? – North Carolina Short Answer In North Carolina, real estate does not automatically move out of a decedent’s name; title vests in the heirs at death unless a will is probated. To locate property records, start with…
What steps can I take to find a missing will before dividing inherited real estate? – North Carolina Short Answer In North Carolina, pause any division or sale until you resolve whether a will exists and who owns the property. Start with a diligent search, check the Clerk of Superior Court’s will depository, arrange a…
Can I challenge the former spouse’s sale of their share if I received no notice of the transaction? – North Carolina Short Answer Under North Carolina law, a co-owner (tenant in common) can sell their undivided share without notifying the other owners. Lack of notice alone does not void the deed. The buyer simply steps…
Can I request a continuance for the partition hearing while we work toward closing? – North Carolina Short Answer Yes. In North Carolina partition cases, you may ask the Clerk of Superior Court to continue a hearing for good cause. If the property has been sold through the judicial sale and upset bid process and…
Can an upset bidder choose a different title attorney after the initial sale is confirmed? – North Carolina Short Answer Usually yes for title review, but not if it conflicts with the court’s orders. In a North Carolina judicial partition sale, the buyer may hire their own North Carolina lawyer to examine title. However, the…
What happens if a buyer keeps extending the closing date after a partition sale? – North Carolina Short Answer In North Carolina, once a partition sale survives the upset-bid period and is confirmed, the purchaser must pay the balance and close by the deadline set in the sale or confirmation order. If the buyer does…