If someone else (like a relative) paid certain property bills, can the co-owner still demand reimbursement from the sale proceeds? NC

If someone else (like a relative) paid certain property bills, can the co-owner still demand reimbursement from the sale proceeds? – North Carolina Short Answer Sometimes. In a North Carolina partition (including a partition sale), a co-owner can ask the court to credit certain “carrying costs” and other protected payments against the sale proceeds, but…

What happens if the deceased co‑owner passed within the standard creditor claim period and there is no personal representative to sign closing documents? NC

What happens if the deceased co‑owner passed within the standard creditor claim period and there is no personal representative to sign closing documents? – North Carolina Short Answer In a North Carolina partition sale, the closing usually does not depend on a deceased co-owner’s heirs signing a deed. Instead, after the clerk of superior court…

What happens to a deceased siblings share if they died without a willdoes the surviving spouse or the children inherit it? NC

What happens to a deceased siblings share if they died without a willdoes the surviving spouse or the children inherit it? – North Carolina Short Answer In North Carolina, when a sibling who owned an inherited share of real estate dies without a will, that siblings surviving spouse and children generally split the siblings share…

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…