Real Estate Q&A Series

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Real Estate Q&A Series

Do I need my sibling beneficiary’s consent or a written agreement before the trust reimburses me for the taxes I covered? NC

Do I need my sibling beneficiary’s consent or a written agreement before the trust reimburses me for the taxes I covered? – North Carolina Short Answer Not always. In North Carolina, reimbursement can be proper without a sibling beneficiary’s consent if the payment was a necessary trust expense and the trustee reimburses it as part…

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Real Estate Q&A Series

Can I sue the home inspector or appraisal professional for missing or misreporting major issues with the property? – NC

Can I sue the home inspector or appraisal professional for missing or misreporting major issues with the property? – North Carolina Short Answer Possibly. In North Carolina, a home inspector can face liability when the inspector fails to follow the inspection contract and the required standards of practice, or when the report contains negligent misstatements…

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Real Estate Q&A Series

What happens if my parent signed a deed years ago that accidentally gave the property to another relative, even if my parent meant it to go to the children? – NC

What happens if my parent signed a deed years ago that accidentally gave the property to another relative, even if my parent meant it to go to the children? – North Carolina Short Answer In North Carolina, a properly signed and recorded deed usually controls ownership, even if the parent later said they meant something…

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Real Estate Q&A Series

If a life estate is already in place, can the house be sold without the remainder beneficiary agreeing, and what happens if they refuse? NC

If a life estate is already in place, can the house be sold without the remainder beneficiary agreeing, and what happens if they refuse? – North Carolina Short Answer Usually not. In North Carolina, a buyer typically needs a deed signed by both the life tenant and the remainder beneficiary to receive full ownership, so…

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Real Estate Q&A Series

Do I have any legal recourse if my house should not have passed the inspection but the problems were only discovered years later? NC

Do I have any legal recourse if my house should not have passed the inspection but the problems were only discovered years later? – North Carolina Short Answer Possibly. In North Carolina, legal recourse years after closing usually depends on (1) who caused the problem (seller, inspector, contractor, or someone else), (2) whether there was…

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