If the property sells and the loan still isn’t fully repaid, can we sue the borrowers separately for breach of the loan agreement and place a lien on other property? nc

If the property sells and the loan still isn’t fully repaid, can we sue the borrowers separately for breach of the loan agreement and place a lien on other property? – North Carolina Short Answer In North Carolina, if a written loan agreement (or promissory note) creates personal liability and the sale of the house…

How are sale proceeds and property-related expenses typically handled when a property is sold through a partition process? nc

How are sale proceeds and property-related expenses typically handled when a property is sold through a partition process? – North Carolina Short Answer In a North Carolina partition sale, the sale money is typically used first to pay sale-related costs and other approved charges, and the remaining “net proceeds” are then divided among the co-owners…

What can I do if a co-owner is making unfinished repairs or not paying utilities and the property is losing value? nc

What can I do if a co-owner is making unfinished repairs or not paying utilities and the property is losing value? – North Carolina Short Answer In North Carolina, a co-owner generally cannot unilaterally lock other co-owners out or let a jointly owned home deteriorate without consequences. Common options include (1) filing a partition action…

How do I find out whether I actually own a share of the inherited properties if I don’t have a copy of the will or estate paperwork? nc

How do I find out whether I actually own a share of the inherited properties if I don’t have a copy of the will or estate paperwork? – North Carolina Short Answer In North Carolina, ownership of inherited real estate usually becomes clear by checking (1) the public estate file at the Clerk of Superior…