Can I change my mailing address with a lender during a real estate closing to stop mail interception? – North Carolina Short Answer Yes. In North Carolina, a seller may update mailing addresses with lenders and other creditors at any time, including during a pending closing. For the closing itself, the more important step is…
How can I confirm that all co-owners have validly accepted a cash offer on our property? – North Carolina Short Answer Under North Carolina law, a contract to sell real estate must be in writing and signed by the party to be bound. To confirm valid acceptance, obtain a single, fully executed purchase agreement that…
What happens to my purchase and sale agreement when the closing date has to be moved for permit delays? – North Carolina Short Answer In North Carolina, moving a closing date is a contract change that typically requires a written addendum signed by buyer and seller. Many residential contracts also contain a short, built-in grace…
Can the other party cancel the contract or demand a price reduction if permits aren’t finalized by the new closing date? – North Carolina Short Answer Under North Carolina law, the contract controls. If the agreement makes the closing date or permit approvals a strict condition (often stated as “time is of the essence”), missing…
How can I keep my real estate deal alive if the closing is delayed because permits aren’t issued yet? – North Carolina Short Answer In North Carolina, most deals can be preserved by (1) signing a written contract extension, (2) using an escrow holdback at closing tied to permit or inspection milestones, or (3) seeking…
Do I have to pay my attorney’s bill before closing if I intended to pay from closing proceeds? – North Carolina Short Answer Usually, no statute forces prepayment just because a closing is delayed. In North Carolina, attorney fees are often paid from sale proceeds at settlement, but that can only happen after the settlement…
Can I fax a deed records request, or do I have to mail it or go in person? – North Carolina Short Answer In North Carolina, recorded deeds are public records. Anyone may request copies from the county Register of Deeds. State law does not require law firm letterhead or an in-person visit; counties may…
What exactly should be included on a law firm letterhead request to the register of deeds to obtain a deed copy? – North Carolina Short Answer In North Carolina, recorded deeds are public records. A law firm letterhead request should clearly identify the record (names, property details, and book/page if known), state whether a certified…
How do I document the permit delay to avoid being blamed for breach or late‑closing penalties? – North Carolina Short Answer Under North Carolina law, the contract controls deadlines and penalties, so create a clear paper trail and give prompt written notice before the settlement date. Attach official proof from the city or county inspections…
How can I sell only my remainder interest when a sibling has a life estate without forcing them to move? – North Carolina Short Answer In North Carolina, a remainderman may sell a remainder interest while a life tenant keeps the right to live in and control the property for life. The buyer takes title…