What process is used to calculate life estate and remainder values using IRS tables and age factors? NC

What process is used to calculate life estate and remainder values using IRS tables and age factors? – North Carolina Short Answer In North Carolina, the standard process is to value the whole property (usually the net sale proceeds or fair market value), then apply an actuarial “life estate factor” and a matching “remainder factor”…

What deadlines apply for bringing claims related to home inspection, appraisal errors, or nondisclosure after a home purchase? NC

What deadlines apply for bringing claims related to home inspection, appraisal errors, or nondisclosure after a home purchase? – North Carolina Short Answer In North Carolina, the deadlines depend on the type of claim and the legal theory. Many post-closing claims tied to defects, misstatements, or professional errors must be filed within 3 years, but…

What happens if the original cemetery lot paperwork was never recorded—can I still sell the lots? – NC

What happens if the original cemetery lot paperwork was never recorded—can I still sell the lots? – North Carolina Short Answer Possibly, but an unrecorded cemetery-lot “deed” often creates a title problem that can prevent a clean resale in North Carolina. Even when a seller has paperwork, the cemetery’s own records and transfer rules usually…

How can I stop or delay a foreclosure sale when I inherited the house but the mortgage is still in the deceased owner’s name? NC

How can I stop or delay a foreclosure sale when I inherited the house but the mortgage is still in the deceased owner’s name? – North Carolina Short Answer In North Carolina, most residential foreclosures move through a “power of sale” process that starts with a hearing before the Clerk of Superior Court. A foreclosure…