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Partition Action Q&A Series

Do we have to name and list every person with an ownership interest, even if our family usually has one person act as a representative? NC

Do we have to name and list every person with an ownership interest, even if our family usually has one person act as a representative? – North Carolina Short Answer In North Carolina, a partition case generally must name, join, and serve all known co-owners (tenants in common or joint tenants), even if the family…

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Partition Action Q&A Series

Do I need to be formally pre-approved or have the loan approved before the settlement agreement will be finalized? NC

Do I need to be formally pre-approved or have the loan approved before the settlement agreement will be finalized? – North Carolina Short Answer Not always. In North Carolina, parties can sign a settlement agreement in a partition dispute before a refinance loan is formally approved, but the agreement should clearly make the buyout obligations…

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Probate Q&A Series

Am I personally responsible for a foreclosure or mortgage debt that was in the deceased person’s name? NC

Am I personally responsible for a foreclosure or mortgage debt that was in the deceased person’s name? – North Carolina Short Answer Usually not. In North Carolina, a mortgage and foreclosure are typically enforced against the property and the deceased person’s estate—not against family members—unless a person also signed the note, guaranteed the debt, or…

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Probate Q&A Series

How are a home with unknown equity, a possible home loan, and a vehicle in police custody handled during estate administration? NC

How are a home with unknown equity, a possible home loan, and a vehicle in police custody handled during estate administration? – North Carolina Short Answer In North Carolina estate administration, a home and a vehicle are handled based on whether they are probate assets, whether there are liens (like a mortgage or car lien),…

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Probate Q&A Series

Can they combine my grandparent’s and my parent’s estates to use funds to cover my parent’s obligations, and how do I stop that? NC

Can they combine my grandparent’s and my parent’s estates to use funds to cover my parent’s obligations, and how do I stop that? – North Carolina Short Answer Usually, no. In North Carolina, a grandparent’s estate and a parent’s estate are separate legal administrations, and one estate generally cannot be used to pay the other…

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