How can I buy the house from the estate before the foreclosure sale? – North Carolina Short Answer In North Carolina, you can buy the property from the estate before foreclosure by working with the court‑appointed personal representative to sell the home either (1) through a court‑authorized private sale or (2) by a deed from…
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…
What steps do I take to recover the money I spent on repairs? – North Carolina Short Answer In North Carolina, you recover repair costs by filing a timely, written creditor claim in the estate of the deceased owner. Your claim must state the amount, what the repairs were, and why the estate owes you,…
Can I assert a legal claim against the estate for my tenant-improvement expenses? – North Carolina Short Answer Yes. In North Carolina, you can present a written claim to the decedent’s estate for money you spent improving the property, and for your injury, but you must meet strict estate claim deadlines. These claims are usually…
What happens if the heirs abandon the property and let it go to auction? – North Carolina Short Answer In North Carolina, if heirs walk away and a mortgage is in default, the lender can foreclose through a Clerk of Superior Court process and sell the home at public auction. You can try to buy…
Can I require my payment to other parties to be held in trust until the sale closes and all costs are paid? – North Carolina Short Answer Yes. In North Carolina, you can require that a payment be placed in an attorneys trust (escrow) account with written instructions that it will not be released until…
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,…
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…
What should I include in a formal notice to demand correction of a defective deed? – North Carolina Short Answer In North Carolina, a private “notice” does not fix the land records, but it can prompt the parties who signed the faulty deed to record a proper corrective document. Your notice should: identify the recorded…
Can I void or recover damages for a deed executed under a fraudulent trust scheme? – North Carolina Short Answer Yes. In North Carolina, you can file a civil action in Superior Court to cancel a fraudulent deed (quiet title/declaratory relief) and seek damages. A forged deed is void and can be set aside even…