Will any liens or judgments against the decedent’s estate reduce the foreclosure surplus funds I can collect?: North Carolina guidance

Will any liens or judgments against the decedent’s estate reduce the foreclosure surplus funds I can collect? – North Carolina Short Answer In North Carolina, foreclosure surplus funds are first used to pay junior liens that actually attached to the property (for example, later deeds of trust, tax or HOA liens). General estate debts or…

If my former partner buys out my interest, how is the buyout price determined?: Answered for North Carolina Partition Actions

If my former partner buys out my interest, how is the buyout price determined? – North Carolina Short Answer In North Carolina, co-owners usually set a buyout price by starting with the home’s current fair market value (often via an independent appraisal), then applying credits and debits for things like taxes, insurance, necessary repairs, improvements,…

Can I get reimbursed for the renovation labor and supplies I contributed under a partition action?: North Carolina

Can I get reimbursed for the renovation labor and supplies I contributed under a partition action? – North Carolina Short Answer Under North Carolina partition law, a co-owner can usually receive credits for necessary carrying costs (like taxes and insurance) and for permanent improvements, but the credit for improvements is based on the value they…