If I stop using the building for my own business and rent it out later, how could that affect my loan terms or interest rate? – North Carolina Short Answer In North Carolina, switching a bank-financed commercial building from owner-occupied use to a rental can matter if the loan documents require owner occupancy or treat…
What kind of proof do I need to show long-term use of a road to support an easement claim? – North Carolina Short Answer In North Carolina, “long-term use” of a road usually matters most when the claim is a prescriptive easement (an easement created by use over time). The proof typically focuses on showing…
How does a balloon commercial real estate loan work, and what happens when the maturity date comes up? – North Carolina Short Answer In North Carolina, a balloon commercial real estate loan usually has monthly payments calculated on a long amortization schedule (often 20–30 years), but the note “matures” earlier (often 3–10 years). When the…
How do I make a diminished value claim after my car is repaired, and when should I start that process? – North Carolina Short Answer In North Carolina, a diminished value claim is typically made as part of the property-damage claim by showing that a vehicle is worth less after a crash even if it…
How do I figure out what my rights are in a property situation when I’m not sure what type of case it is? – North Carolina Short Answer In North Carolina, the fastest way to figure out property rights is to identify (1) what legal interest exists (deed/title, lease, easement, lien, or inheritance claim), (2)…
What if I don’t feel injured right away, especially when I already have pre-existing medical issues? – North Carolina Short Answer In North Carolina, it is common for crash symptoms to show up hours or days later, and having pre-existing medical issues does not automatically prevent a valid injury claim. The key is proving that…
What information do I need to gather before talking to a lawyer about a property case? – North Carolina Short Answer Before speaking with a North Carolina real estate lawyer about a property case, it helps to gather (1) basic ownership documents, (2) a clear timeline of what happened, and (3) any papers showing who…
What documents do I need to apply for a commercial building loan if I’m self-employed and own multiple businesses? – North Carolina Short Answer In North Carolina, a bank commercial building loan application for a self-employed borrower with multiple businesses usually requires (1) personal financial documents for each guarantor, (2) business financial documents for each…
How do I figure out who legally owns the property and what the title shows? – North Carolina Short Answer In North Carolina, the starting point is the county Register of Deeds, where deeds and many other documents affecting ownership are recorded. The most recent recorded deed usually identifies the current record owner, and the…
Should I buy the building through a separate property-holding company, and should my other business entities guarantee the loan? – North Carolina Short Answer Often, a North Carolina commercial purchase is structured with a separate property-holding entity (commonly an LLC) as the borrower and owner, because it can help isolate real estate risks from operating-business…
