How is just compensation calculated for a utility easement on estate property in North Carolina?

How is Just Compensation Calculated for a Utility Easement on Estate Property in North Carolina? Detailed Answer When a utility company needs an easement over estate property in North Carolina, it typically acquires that right through condemnation under the state’s eminent domain laws. Just compensation aims to pay the property owner the fair market value…

How can heirs postpone foreclosure and sell jointly-owned property through partition action in North Carolina?

How can heirs postpone foreclosure and sell jointly-owned property through partition action in North Carolina? 1. Detailed Answer When co-owners inherit real estate in North Carolina, they share legal title. If a secured lender moves to foreclose, heirs must act quickly to protect their interests. A partition action lets co-owners ask the Superior Court to…

How Can Co-Heirs Protect Their Interest When a Personal Representative Tries to Sell Co-Owned Land in North Carolina?

How Can Co-Heirs Protect Their Interest When a Personal Representative Tries to Sell Co-Owned Land in North Carolina? Detailed Answer In North Carolina probate, a personal representative (PR) administers an estate according to the will or the intestacy statutes. When an estate includes land that passes directly to co-heirs as tenants in common, the PR…