What disclosures do I have to make about the home’s condition when issues are minor or cosmetic? NC

What disclosures do I have to make about the home’s condition when issues are minor or cosmetic? – North Carolina Short Answer In North Carolina, a home seller usually satisfies the legal disclosure duty by delivering the state-required Residential Property Disclosure Statement and answering it based on the seller’s actual knowledge. Minor or cosmetic issues…

Can I challenge the sale distribution if the closing attorney or agent has undervalued the remainder interest? NC

Can I challenge the sale distribution if the closing attorney or agent has undervalued the remainder interest? – North Carolina Short Answer Yes. In North Carolina, a remainder beneficiary can challenge a proposed closing distribution if the life estate and remainder interests are being valued or paid out incorrectly, especially before funds are disbursed. The…

Can I ignore a title‑monitoring alert if the official land records show the deed I signed, or should I order a certified copy or a title search to be sure? NC

Can I ignore a title‑monitoring alert if the official land records show the deed I signed, or should I order a certified copy or a title search to be sure? – North Carolina Short Answer In North Carolina, a title‑monitoring alert is only a private notification; the county Register of Deeds record controls what is…

What happens if not all required sellers have signed the purchase agreement before closing? NC

What happens if not all required sellers have signed the purchase agreement before closing? – North Carolina Short Answer In North Carolina, if all required sellers (or a properly authorized agent under a valid power of attorney) have not signed the purchase agreement and related closing documents, the closing usually cannot move forward as planned.…

How do I confirm that my power of attorney specifically allows signing real estate contracts and deed transfer documents? NC

How do I confirm that my power of attorney specifically allows signing real estate contracts and deed transfer documents? – North Carolina Short Answer In North Carolina, confirmation starts with reading the power of attorney (POA) itself to see whether it grants authority over real estate transactions and whether any limits apply to signing contracts…