What happens if the attorney-in-fact does not respond in time and the contract deadline is approaching? NC

What happens if the attorney-in-fact does not respond in time and the contract deadline is approaching? – North Carolina Short Answer In North Carolina, if the attorney-in-fact (agent under a power of attorney) does not sign or respond before a real estate contract deadline, the transaction can stall and the parties may lose contractual rights…

How do power of attorney changes made the same day as a property transfer affect a claim that someone took advantage of an elderly parent? NC

How do power of attorney changes made the same day as a property transfer affect a claim that someone took advantage of an elderly parent? – North Carolina Short Answer In North Carolina, changing a power of attorney (POA) on the same day as a deed or other property transfer does not automatically prove wrongdoing,…

Will getting an appraisal now help with selling, transferring, or dividing the property later? NC

Will getting an appraisal now help with selling, transferring, or dividing the property later? – North Carolina Short Answer Often, yes. In North Carolina, a current independent appraisal can create a clear, defensible starting point for fair market value when real property may be sold, transferred, or divided later, especially when multiple owners or a…