If the property is sold through partition, how is the equity divided and can I get credit for mortgage payments, taxes, and other expenses I paid? nc

If the property is sold through partition, how is the equity divided and can I get credit for mortgage payments, taxes, and other expenses I paid? – North Carolina Short Answer In a North Carolina partition sale, the starting point is that net sale proceeds (the “equity” after paying sale costs and liens) are divided…

If the court’s calendar is full for the dates we want, what are the next available options and how do we lock in a hearing date? NC

If the court’s calendar is full for the dates we want, what are the next available options and how do we lock in a hearing date? – North Carolina Short Answer In North Carolina partition cases, the next available hearing options depend on whether the matter is set before the Clerk of Superior Court (common…

How are carrying costs like taxes, insurance, and maintenance handled when one co-owner has been paying them and wants reimbursement? nc

How are carrying costs like taxes, insurance, and maintenance handled when one co-owner has been paying them and wants reimbursement? – North Carolina Short Answer In a North Carolina partition case, a co-owner who paid certain “carrying costs” (like property taxes, homeowner’s insurance, necessary repairs, and some loan payments) can usually ask the court for…

After we pick a partition hearing date, what notices or filings do we need to complete to confirm it and notify the other co-owners? NC

After we pick a partition hearing date, what notices or filings do we need to complete to confirm it and notify the other co-owners? – North Carolina Short Answer In North Carolina, a partition case is a special proceeding handled through the Clerk of Superior Court. After selecting a hearing date, the usual next step…