How can we buy out the person who filed the partition request instead of having the property sold? – NC

How can we buy out the person who filed the partition request instead of having the property sold? – North Carolina Short Answer In North Carolina, co-owners can often avoid a forced sale by reaching a voluntary settlement where the other side sells their ownership interest (a “buyout”) and dismisses the partition case. If no…

If the insurance money is used to pay down the mortgage instead of making repairs, does that create any legal or insurance problems? NC

If the insurance money is used to pay down the mortgage instead of making repairs, does that create any legal or insurance problems? – North Carolina Short Answer It can. In North Carolina, using property insurance proceeds to pay down a mortgage instead of repairing damage can create problems if the mortgage (or the insurance…

Can I use the special proceeding case number to request the sale paperwork directly from the court clerk? NC

Can I use the special proceeding case number to request the sale paperwork directly from the court clerk? – North Carolina Short Answer Usually, yes. In North Carolina, a special proceeding case number is the key identifier the Clerk of Superior Court uses to locate the file, and many sale documents in a court-ordered partition…

Will the court appoint a neutral commissioner and require an independent appraisal in a partition of inherited property, and can I request a forensic accounting? NC

Will the court appoint a neutral commissioner and require an independent appraisal in a partition of inherited property, and can I request a forensic accounting? – North Carolina Short Answer In North Carolina, the court (often through the Clerk of Superior Court) typically appoints a disinterested commissioner (or commissioners) to handle key steps in a…

Is it legal and practical to sell only my share of the property to an investor, and what risks or downsides should I expect? NC

Is it legal and practical to sell only my share of the property to an investor, and what risks or downsides should I expect? – North Carolina Short Answer Yes. In North Carolina, a cotenant (such as a tenant in common) can usually sell, mortgage, or otherwise transfer only that cotenant’s undivided ownership share without…

If a co-owner doesn’t respond at all, how does the court handle their interest and does that change the overall cost and timeline? NC

If a co-owner doesn’t respond at all, how does the court handle their interest and does that change the overall cost and timeline? – North Carolina Short Answer In North Carolina partition proceedings, a co-owner who does not respond does not lose their ownership interest. Instead, the case can usually keep moving as long as…

What is the safest way to handle a disputed security deposit when repair costs are only estimates and could change? NC

What is the safest way to handle a disputed security deposit when repair costs are only estimates and could change? – North Carolina Short Answer In North Carolina, the safest approach is to send a timely interim itemized accounting within 30 days after the tenancy ends and possession is returned, then follow up with a…