Real Estate Q&A Series

Page 22 of 28

Real Estate Q&A Series

What happens if the sale falls through and a new buyer offers a lower price—can they still claim the difference?: North Carolina

What happens if the sale falls through and a new buyer offers a lower price—can they still claim the difference? – North Carolina Short Answer In North Carolina, if the parties sign a clear, written mutual release that settles the failed deal and waives further claims, they generally cannot later pursue the seller or buyer…

Read more
Real Estate Q&A Series

How can I make sure my agreement clearly states that seller expenses will be deducted from the sale proceeds rather than paid out of pocket?

How can I make sure my agreement clearly states that seller expenses will be deducted from the sale proceeds rather than paid out of pocket? – North Carolina Short Answer In North Carolina, you can do this by writing into your agreement that all seller-side items (taxes, liens, special assessments, and mortgage payoffs) will be…

Read more
Real Estate Q&A Series

What specific contract language should I include to confirm that taxes, liens, and fees are handled at closing?: North Carolina Real Estate

What specific contract language should I include to confirm that taxes, liens, and fees are handled at closing? – North Carolina Short Answer In North Carolina, add clear “paid from seller’s proceeds” language that (1) allocates who pays what, (2) authorizes the closing attorney to obtain payoffs and disburse sale proceeds to satisfy taxes, liens,…

Read more
Real Estate Q&A Series

How do I draft a mutual release clause to prevent future claims on the property sale proceeds?: North Carolina Real Estate

How do I draft a mutual release clause to prevent future claims on the property sale proceeds? – North Carolina Short Answer In North Carolina, a mutual release is a written contract. To prevent future claims about sale proceeds, the clause must be clear, mutual, and supported by consideration. State that all parties release each…

Read more
Go to Top
Free Consultation

Talk with a North Carolina attorney

Tell us a bit about your situation and we'll respond within one business day.