Real Estate Q&A Series

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Real Estate Q&A Series

If someone paid taxes on a different inherited property by mistake, can that payment be credited toward these parcels? nc

If someone paid taxes on a different inherited property by mistake, can that payment be credited toward these parcels? – North Carolina Short Answer Usually not automatically. In North Carolina, property taxes are tracked by the county tax office to a specific tax account or parcel, so a payment made on the wrong inherited property…

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Real Estate Q&A Series

What risks should I watch for when buying a foreclosure property, like liens, back taxes, or property condition issues? nc

What risks should I watch for when buying a foreclosure property, like liens, back taxes, or property condition issues? – North Carolina Short Answer In North Carolina, the biggest risks when buying a foreclosure are (1) title problems that survive the foreclosure (especially property tax liens and some other recorded claims), (2) timing risk from…

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Real Estate Q&A Series

If I’m outside the country, can I still make an offer and close on a foreclosure property through a representative or power of attorney? nc

If I’m outside the country, can I still make an offer and close on a foreclosure property through a representative or power of attorney? – North Carolina Short Answer Yes. In North Carolina, a foreclosure buyer can usually make an offer, bid, and close through a representative, including an agent acting under a properly drafted…

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