How do I use the property as collateral to secure a loan for a co-owner buyout?: Practical steps under North Carolina partition law

How do I use the property as collateral to secure a loan for a co-owner buyout? – North Carolina Short Answer In North Carolina partition cases, you can usually finance a co-owner buyout by either: (1) a court-approved private sale to you with a purchase-money deed of trust recorded at closing, or (2) an allotment…

Can I challenge another co-owner’s claims for repairs or utilities at the division hearing?: North Carolina

Can I challenge another co-owner’s claims for repairs or utilities at the division hearing? – North Carolina Short Answer Yes. In North Carolina partition cases, the Clerk of Superior Court can decide “equities” between co-owners at the post-sale distribution hearing. You may object to another co-owner’s requests for reimbursement and ask the clerk to allow…