Real Estate Q&A Series

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Real Estate Q&A Series

What happens if there was a tax foreclosure against the heirs decades agodid the family lose the property, and is there any way to recover anything? NC

What happens if there was a tax foreclosure against the heirs decades agodid the family lose the property, and is there any way to recover anything? – North Carolina Short Answer In North Carolina, a completed tax foreclosure sale usually means the family lost title to the property, because the sale is intended to convey…

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Real Estate Q&A Series

What documents are needed to prove a power of attorney is valid for signing a property purchase agreement and closing papers? NC

What documents are needed to prove a power of attorney is valid for signing a property purchase agreement and closing papers? – North Carolina Short Answer In North Carolina, proving a power of attorney (POA) is valid for signing a real estate purchase contract and closing documents usually requires an executed POA (often a certified…

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Real Estate Q&A Series

How do I fix a trustee’s deed that appears to combine two separate parcels into one legal description? NC

How do I fix a trustee’s deed that appears to combine two separate parcels into one legal description? – North Carolina Short Answer In North Carolina, fixing a trustee’s deed that seems to merge two parcels usually starts with deciding whether the problem is a minor recording/typographical issue or a material description problem that could…

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Real Estate Q&A Series

How can I get reimbursed from the sale proceeds for property taxes and other expenses I paid out of pocket on a home owned by a trust? NC

How can I get reimbursed from the sale proceeds for property taxes and other expenses I paid out of pocket on a home owned by a trust? – North Carolina Short Answer In North Carolina, reimbursement usually happens through the trust’s administration: the trustee treats the out-of-pocket taxes and other carrying costs as reimbursable trust…

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