Partition Action Q&A Series

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What steps and documents are needed to transfer the other owner’s interest with a quitclaim deed held by the closing attorney while my refinance is processed? NC

What steps and documents are needed to transfer the other owner’s interest with a quitclaim deed held by the closing attorney while my refinance is processed? – North Carolina Short Answer In North Carolina, transferring a co-owner’s interest with a quitclaim deed during a refinance usually means: (1) the co-owner signs a properly notarized quitclaim…

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Can the property taxes and upkeep I’ve paid be credited toward any buyout amount or settlement? NC

Can the property taxes and upkeep I’ve paid be credited toward any buyout amount or settlement? – North Carolina Short Answer Often, yes. In North Carolina, when family members co-own a home, a co-owner who pays necessary carrying costs like property taxes (and sometimes insurance or necessary repairs) can usually ask for an “accounting” so…

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Can a buyer close without title insurance, and what protections or contract terms could reduce the risk if they do? – NC

Can a buyer close without title insurance, and what protections or contract terms could reduce the risk if they do? – North Carolina Short Answer Under North Carolina law, a buyer may close on real estate without purchasing title insurance, but doing so shifts most of the risk of hidden title defects, liens, and competing…

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How can I proceed with a partition when the land is split into separate nearby parcels and includes mobile homes? – NC

How can I proceed with a partition when the land is split into separate nearby parcels and includes mobile homes? – North Carolina Short Answer In North Carolina, a co-owner may file a partition action in superior court even when the land consists of several nearby tracts and includes mobile or manufactured homes. The court…

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What happens if the mortgage isn’t paid during a co‑owner dispute, and do I still receive any equity if the property is foreclosed? – NC

What happens if the mortgage isn’t paid during a co‑owner dispute, and do I still receive any equity if the property is foreclosed? – North Carolina Short Answer In North Carolina, if co-owners stop paying the mortgage during a dispute, the lender can foreclose on the property, and that foreclosure generally wipes out everyone’s ownership,…

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What happens with rent from the person living in the home during a partition case, especially if payments are late? – NC

What happens with rent from the person living in the home during a partition case, especially if payments are late? – North Carolina Short Answer In a North Carolina partition case, rent paid by a third-party occupant is generally treated as income of the co-owned property and belongs to all co-owners in proportion to their…

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Can I force a full accounting of rental income, mortgage payments, and cash-out refinance proceeds before any payout is finalized? – NC

Can I force a full accounting of rental income, mortgage payments, and cash-out refinance proceeds before any payout is finalized? – North Carolina Short Answer Under North Carolina law, a cotenant can ask the court in a partition proceeding to require a full accounting of rents, profits, and carrying costs before the court approves any…

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Attorney Jared Pierce
Attorney Jared Pierce
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