Partition Action Q&A Series

Page 53 of 80

What happens if my refinance is denied after I accept the offer—can we convert the terms into a sale with the same payouts at closing? NC

What happens if my refinance is denied after I accept the offer—can we convert the terms into a sale with the same payouts at closing? – North Carolina Short Answer In North Carolina, a denied refinance does not automatically convert a buyout proposal into a “sale with the same payouts at closing.” If the matter…

Read more

Do we have to name and list every person with an ownership interest, even if our family usually has one person act as a representative? NC

Do we have to name and list every person with an ownership interest, even if our family usually has one person act as a representative? – North Carolina Short Answer In North Carolina, a partition case generally must name, join, and serve all known co-owners (tenants in common or joint tenants), even if the family…

Read more

Do I need to be formally pre-approved or have the loan approved before the settlement agreement will be finalized? NC

Do I need to be formally pre-approved or have the loan approved before the settlement agreement will be finalized? – North Carolina Short Answer Not always. In North Carolina, parties can sign a settlement agreement in a partition dispute before a refinance loan is formally approved, but the agreement should clearly make the buyout obligations…

Read more

What documents will we need to provide to start the case, like deeds, surveys, and a title search or chain-of-title history? NC

What documents will we need to provide to start the case, like deeds, surveys, and a title search or chain-of-title history? – North Carolina Short Answer To start a North Carolina partition case, the court typically needs enough paperwork to (1) identify the land, (2) show who owns it (and in what shares, if known),…

Read more

If the other co-owner claims certain household items or appliances, is that handled separately from the home buyout amount, and should we require a written list before closing? NC

If the other co-owner claims certain household items or appliances, is that handled separately from the home buyout amount, and should we require a written list before closing? – North Carolina Short Answer Usually, yes. In North Carolina, a home buyout resolves ownership and value of the real estate, while household items and appliances are…

Read more

What happens if property taxes on an inherited home aren’t paid—can the property be taken in a tax foreclosure, and do heirs have any chance to redeem it? NC

What happens if property taxes on an inherited home aren’t paid—can the property be taken in a tax foreclosure, and do heirs have any chance to redeem it? – North Carolina Short Answer In North Carolina, unpaid property taxes become a lien on the home, and the county (and other taxing units) can enforce that…

Read more

Questions about your situation?

Attorney Jared Pierce
Attorney Jared Pierce
Free case evaluation

Articles are a starting point, not legal advice. Talk through the specifics of your case with a North Carolina attorney — the case evaluation is always free.

Go to Top
Free Consultation

Talk with a North Carolina attorney

Tell us a bit about your situation and we'll respond within one business day.