If family members are living on the property, how does that affect ownership rights and what steps we can take next? nc

If family members are living on the property, how does that affect ownership rights and what steps we can take next? – North Carolina Short Answer In North Carolina, family members living on inherited or jointly owned property usually do not gain extra ownership rights just because they live there. If the people living there…

If someone paid taxes on a different inherited property by mistake, can that payment be credited toward these parcels? nc

If someone paid taxes on a different inherited property by mistake, can that payment be credited toward these parcels? – North Carolina Short Answer Usually not automatically. In North Carolina, property taxes are tracked by the county tax office to a specific tax account or parcel, so a payment made on the wrong inherited property…

What risks should I watch for when buying a foreclosure property, like liens, back taxes, or property condition issues? nc

What risks should I watch for when buying a foreclosure property, like liens, back taxes, or property condition issues? – North Carolina Short Answer In North Carolina, the biggest risks when buying a foreclosure are (1) title problems that survive the foreclosure (especially property tax liens and some other recorded claims), (2) timing risk from…

What documents or approvals are usually needed before a property can be listed for sale when multiple people are involved? nc

What documents or approvals are usually needed before a property can be listed for sale when multiple people are involved? – North Carolina Short Answer In North Carolina, a property can usually be listed for sale only after confirming who has legal authority to sell and who must sign the listing paperwork and, later, the…