How can I negotiate a settlement agreement to sell a co-owned property without filing a court partition?: North Carolina

How can I negotiate a settlement agreement to sell a co-owned property without filing a court partition? – North Carolina Short Answer In North Carolina, co-owners (tenants in common) may agree in writing to sell inherited real estate privately without filing a partition case. If the estate is still open and the sale occurs within…

What happens if one heir has moved and hasn’t been served before we sign a private sale agreement?: North Carolina Partition Action

What happens if one heir has moved and hasn’t been served before we sign a private sale agreement? – North Carolina Short Answer In North Carolina, you cannot complete a private sale of heirs’ property unless every co-owner signs or a court orders the sale. If one heir has moved and hasn’t been served or…

What happens if a necessary party like a mortgage lender is left out of a partition lawsuit?: North Carolina

What happens if a necessary party like a mortgage lender is left out of a partition lawsuit? – North Carolina Short Answer In North Carolina, a partition case should include any person whose rights will be affected by the division or sale, including a mortgage lender or deed-of-trust beneficiary. If a necessary party is omitted,…

What documents do I need to prove the current mortgage servicer and assignment in a partition action?: North Carolina

What documents do I need to prove the current mortgage servicer and assignment in a partition action? – North Carolina Short Answer In a North Carolina partition action, bring certified Register of Deeds copies of the recorded deed of trust and all recorded assignments to show the current lienholder, and written proof of any servicing…