Does posting a foreclosure notice on the property count as proper notice if the estate representative and heirs don’t live there? – NC

Does posting a foreclosure notice on the property count as proper notice if the estate representative and heirs don’t live there? – NC Short Answer Usually not by itself. In North Carolina, a lender or substitute trustee generally must serve the foreclosure hearing notice on each party entitled to notice using a method allowed for…

What information does an insurance company need to locate an existing claim for a deceased policyholder? – NC

What information does an insurance company need to locate an existing claim for a deceased policyholder? – NC Short Answer In North Carolina, an insurance company usually needs enough identifying information to match the deceased policyholder to its records and confirm that the caller has authority to receive claim information. That commonly includes the deceased…

If we agree to a buyout of our inherited share, do we get paid in a lump sum at closing or can the buyer pay in installments, and can each heir be paid directly? – NC

If we agree to a buyout of our inherited share, do we get paid in a lump sum at closing or can the buyer pay in installments, and can each heir be paid directly? – NC Short Answer In North Carolina, heirs who inherit real property usually own undivided shares as tenants in common, so…