Can I require the other side to reimburse me for repairs as they happen instead of waiting until the final closing? nc

Can I require the other side to reimburse me for repairs as they happen instead of waiting until the final closing? – North Carolina Short Answer Usually not by “requirement” unless the purchase contract (or a written amendment) says reimbursement will be paid during the pre-closing period. In most North Carolina closings, repair costs are…

Can a co-owner require repayment of the original investment plus an interest amount before anyone else gets sale proceeds? nc

Can a co-owner require repayment of the original investment plus an interest amount before anyone else gets sale proceeds? – North Carolina Short Answer Sometimes, but not automatically. In North Carolina, sale proceeds are usually split based on each co-owner’s ownership percentage, with court-ordered adjustments for certain payments a co-owner made (like taxes, insurance, necessary…

If a property is owned as joint tenants or tenants by the entirety and one spouse dies, does the surviving spouse automatically become the sole owner? nc

If a property is owned as joint tenants or tenants by the entirety and one spouse dies, does the surviving spouse automatically become the sole owner? – North Carolina Short Answer In North Carolina, if spouses own real estate as tenants by the entirety, the surviving spouse generally becomes the sole owner automatically at the…