Can an asset recovery company legally collect the surplus funds for me, and what should I watch for before signing anything? – NC

Can an asset recovery company legally collect the surplus funds for me, and what should I watch for before signing anything? – North Carolina Short Answer Yes. In North Carolina, an asset recovery company can often help pursue foreclosure surplus funds if the rightful claimant signs an authorization or assignment, but the claimant is not…

Does someone who was only under a parent’s guardianship (not legally adopted) have any right to share in inherited property proceeds? NC

Does someone who was only under a parent’s guardianship (not legally adopted) have any right to share in inherited property proceeds? – North Carolina Short Answer Usually, no. In North Carolina, being raised under a parent’s guardianship does not, by itself, make someone an “heir” who can inherit from that parent or share in proceeds…

Which party should be named on a surplus funds petition when the property is held in a land trust with a separate trustee and beneficiary? NC

Which party should be named on a surplus funds petition when the property is held in a land trust with a separate trustee and beneficiary? – North Carolina Short Answer In North Carolina, a surplus funds petition is usually filed in the name of the person or entity that is legally entitled to the surplus,…