What documents prove heirship and standing to challenge a tax foreclosure on recently inherited property? – NC

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…

How can I evaluate whether the buyer’s offer terms are fair, including price, contingencies, and closing timeline? – NC

How can I evaluate whether the buyer’s offer terms are fair, including price, contingencies, and closing timeline? – North Carolina Short Answer Under North Carolina law, a fair purchase offer is one that reflects current market value, uses reasonable contingencies, and allows enough time to satisfy inspections, title work, and loan requirements before closing. Price…

Who is responsible for notifying the title or closing company when a contract is terminated? – NC

Who is responsible for notifying the title or closing company when a contract is terminated? – North Carolina Short Answer Under North Carolina real estate practice, the party who terminates the contract (or that party’s real estate agent or attorney) is responsible for sending written notice of termination to the other party as required by…

What happens next after a buyer terminates a real estate contract, and do I need to sign anything to finalize it? – NC

What happens next after a buyer terminates a real estate contract, and do I need to sign anything to finalize it? – North Carolina Short Answer Under North Carolina law, once a buyer validly terminates a standard residential real estate contract, the contract itself usually ends without the seller having to sign anything just to…