Is it better to settle in mediation or proceed directly with a partition action when a buy-out falls through?: Practical guidance for North Carolina co-owners

Is it better to settle in mediation or proceed directly with a partition action when a buy-out falls through? – North Carolina Short Answer In North Carolina, try to settle at mediation first and lock the deal into a clear, enforceable consent order. Mediation lets co-owners control terms, timing, and cost. If payment or performance…

What happens if the co-owner fails to pay the agreed cash sum within the specified timeframe?: North Carolina Partition Action

What happens if the co-owner fails to pay the agreed cash sum within the specified timeframe? – North Carolina Short Answer In North Carolina, if a signed settlement requires payment by a set date and the co-owner does not pay, they are in breach. The court can enforce the agreement (including ordering payment or deed…