What documents or proof should I gather to support a claim to recover payments I made toward a property loan? – North Carolina Short Answer Under North Carolina law, a co-borrower or co-signer who pays on a property loan for a home titled only in someone else’s name will need clear proof of the loan…
Will a lender release me from the loan if the other borrower assumes or refinances, and what steps do I take to request it? – North Carolina Short Answer Under North Carolina law, a lender will not automatically release a co-borrower from a mortgage loan just because another borrower assumes the debt or refinances. A…
What happens after my attorney reviews the appraisal with me—do we negotiate, list the property, or take other steps? – North Carolina Short Answer After a North Carolina real estate attorney reviews an appraisal with a client, the usual next steps are to (1) compare the appraised value to goals and other pricing information, (2)…
How is a home appraisal used in a real estate case my attorney is handling? – North Carolina Short Answer In a North Carolina real estate matter, a home appraisal is usually used as the primary evidence of the property’s fair market value. The attorney may rely on it to negotiate, decide whether to settle…
Do all co-owners have to sign the acceptance and sales contract, or can one person authorize it on behalf of everyone? – North Carolina Short Answer Under North Carolina law, every property owner whose interest is being sold generally must sign the real estate sales contract and the later deed, unless a valid written power…
How do I handle multiple or backup offers without violating an agreement I’ve already signed? – North Carolina Short Answer Under North Carolina law, once a seller signs a binding purchase contract, that seller must honor it and cannot simply accept a better offer for the same property without risking breach of contract. Additional offers…
How can I confirm exactly whose names are on the deed for the inherited property? – North Carolina Short Answer In North Carolina, the only reliable way to confirm whose names are on a deed is to check the official land records in the county where the property sits, usually through the county Register of…
What documents prove heirship and standing to challenge a tax foreclosure on recently inherited property? – North Carolina Short Answer Under North Carolina law, an heir generally has standing to challenge a tax foreclosure if that heir can show a present ownership interest in the property and that all due taxes for that interest have…
Can I relist or move forward with another buyer right away after a cancellation, or is there a waiting period or notice I need to give? – North Carolina Short Answer Under North Carolina real estate law, a seller can usually relist a property or move forward with a new buyer as soon as the…
What happens if the buyer backs out after I sign—can I cancel or keep any deposits, and what timelines apply? – North Carolina Short Answer Under North Carolina law, what happens when a buyer backs out depends mainly on the written contract, the type of deposits (due diligence fee versus earnest money), and when the…