How will sale proceeds be divided if I present proof of extra maintenance or improvements?

How will sale proceeds be divided if I present proof of extra maintenance or improvements? – North Carolina Short Answer In a North Carolina partition sale, net proceeds are first split by each co-owner’s title share, then adjusted for fair credits and charges. A co-owner who proves necessary carrying costs (taxes, insurance, mortgage payments) and…

Is there a legal way to recover the repair contribution my former partner made on a now-worthless asset?: Practical options under North Carolina partition law

Is there a legal way to recover the repair contribution my former partner made on a now-worthless asset? – North Carolina Short Answer Yes. In North Carolina, co-owners can file a partition special proceeding with the Clerk of Superior Court to force a sale or award of a jointly owned boat and to sort out…

What options do I have if the co-owner of personal property blocks a title transfer?: North Carolina partition and court-ordered sale

What options do I have if the co-owner of personal property blocks a title transfer? – North Carolina Short Answer In North Carolina, a co-owner can file a partition action for personal property with the Clerk of Superior Court. If the item (like a boat) cannot be fairly divided, the court can order a judicial…

Can I recoup expenses when the other co-owner refuses to participate?: Practical guidance under North Carolina partition law

Can I recoup expenses when the other co-owner refuses to participate? – North Carolina Short Answer Yes. In North Carolina, a co-owner can file a partition special proceeding and ask the Clerk of Superior Court to order a sale and an accounting that credits each owner for necessary costs (like storage, insurance, registration, and necessary…