What documents are needed to prove someone has power of attorney to sign a real estate listing?: North Carolina

What documents are needed to prove someone has power of attorney to sign a real estate listing? – North Carolina Short Answer In North Carolina, a person signing a listing agreement for a property owner must show an acknowledged (notarized) power of attorney that expressly grants authority over real property. If that agent will later…

Can I sell the house if one co-owner refuses, or must I file a partition action?: Practical options under North Carolina law

Can I sell the house if one co-owner refuses, or must I file a partition action? – North Carolina Short Answer In North Carolina, you cannot force a private sale of the whole property without every co-owner’s consent. Any co-owner may file a partition action with the Clerk of Superior Court to divide the property…

How do I calculate a fair buyout offer when I don’t know the mortgage balance or current equity?: North Carolina Partition Actions

How do I calculate a fair buyout offer when I don’t know the mortgage balance or current equity? – North Carolina Short Answer In North Carolina partition cases, a fair buyout is your co-owner’s percentage of the home’s verified net equity: fair market value minus liens/payoffs and typical sale costs, then adjusted for agreed credits…