What exactly does the commissioner do in a partition sale and how do I stay informed?: North Carolina Partition Action

What exactly does the commissioner do in a partition sale and how do I stay informed? – North Carolina Short Answer In a North Carolina partition sale, the court-appointed commissioner is a neutral who manages the sale: preparing the property, advertising or listing it, conducting the sale under judicial sale rules, handling upset bids, reporting…

Can I force a partition or sale if most heirs have already deeded their shares?: Answered under North Carolina law

Can I force a partition or sale if most heirs have already deeded their shares? – North Carolina Short Answer Yes. In North Carolina, any co-owner (tenant in common) may file a partition action in the county where the land lies. The Clerk of Superior Court presumes partition in kind (physically dividing the land) unless…

How do I determine the fair market value of my inherited share when other heirs are selling to one person?: North Carolina

How do I determine the fair market value of my inherited share when other heirs are selling to one person? – North Carolina Short Answer In North Carolina, fair market value for a co-owned inherited tract is determined by valuing the whole property and multiplying by your fractional share. If the land qualifies as “heirs…

What are the steps to sever and survey my portion of co-owned land into a separate parcel?: North Carolina partition and heirs’ property guide

What are the steps to sever and survey my portion of co-owned land into a separate parcel? – North Carolina Short Answer In North Carolina, a co-owner can either (1) reach a written agreement with all co-owners to voluntarily divide the land and record a survey, or (2) start a partition special proceeding before the…