How do I verify whether the recorded deed of trust is valid and properly enforceable?: North Carolina

How do I verify whether the recorded deed of trust is valid and properly enforceable? – North Carolina Short Answer In North Carolina, start by confirming that the deed of trust was properly executed (signed and notarized), correctly recorded and indexed, and that the co-owner had legal authority to encumber only their interest. Next, check…

What happens if executors delay estate accounting and property sale in probate?: North Carolina

What happens if executors delay estate accounting and property sale in probate? – North Carolina Short Answer In North Carolina, an executor must file a 90-day inventory and timely annual/final accounts. If they delay, any interested heir can ask the Clerk of Superior Court to order a full accounting within 20 days; continued noncompliance can…

What steps can I take to access estate funds held for necessary property repairs?: North Carolina Partition Action

What steps can I take to access estate funds held for necessary property repairs? – North Carolina Short Answer In North Carolina, the personal representative (executor or administrator) must preserve estate assets but typically needs either will authority or a court order before spending estate funds on real property repairs. If repairs are necessary to…

What happens if unpaid back taxes lead to foreclosure before a partition or sale is ordered?: North Carolina Partition Action

What happens if unpaid back taxes lead to foreclosure before a partition or sale is ordered? – North Carolina Short Answer In North Carolina, county property tax liens come first. If a tax foreclosure is completed before the Clerk of Superior Court orders and confirms a partition or partition-by-sale, the foreclosure sale transfers title and…

How can I recover the shortfall in proceeds when some co-owners received more than their share under the land sale contract?: North Carolina Partition Action

How can I recover the shortfall in proceeds when some co-owners received more than their share under the land sale contract? – North Carolina Short Answer In North Carolina, a co-owner may ask the Clerk of Superior Court for an accounting and redistribution in a partition proceeding or file a civil claim to recover overpayments…

What documentation do I need to support a claim for misallocated distributions in a partition case?: North Carolina

What documentation do I need to support a claim for misallocated distributions in a partition case? – North Carolina Short Answer Bring proof of the governing shares, the sale and net proceeds, the actual payments made, and the shortfall. In North Carolina partition cases, that typically means the partition orders, the commissioner’s report and confirmation,…