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Real Estate Q&A Series

How can I ensure a settlement agreement locks in distribution of sale proceeds before closing?: North Carolina Real Estate

How can I ensure a settlement agreement locks in distribution of sale proceeds before closing? – North Carolina Short Answer Use a written, signed proceeds-allocation and disbursement/escrow agreement that binds every co-owner (or their valid, recorded agents) and deliver it to the North Carolina settlement agent before closing. The closing attorney can only disburse after…

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Real Estate Q&A Series

What should we do to avoid breaching the purchase contract while securing all signatures?: North Carolina Real Estate

What should we do to avoid breaching the purchase contract while securing all signatures? – North Carolina Short Answer Get a written extension of any signature or execution deadline before it expires, or have a properly authorized agent sign under a valid power of attorney. Meanwhile, put any dispute about loan interest or proceeds into…

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Guardianship Q&A Series

How can I challenge my sibling’s invalid power of attorney and regain control of my parent’s finances?: North Carolina Guardianship

How can I challenge my sibling’s invalid power of attorney and regain control of my parent’s finances? – North Carolina Short Answer In North Carolina, you challenge a questionable power of attorney by filing a verified petition with the Clerk of Superior Court to compel an accounting and have the Clerk determine the agent’s authority.…

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Guardianship Q&A Series

How do I stop my sibling from redirecting my parent’s Social Security benefits to a new account?: North Carolina Guardianship

How do I stop my sibling from redirecting my parent’s Social Security benefits to a new account? – North Carolina Short Answer In North Carolina, a power of attorney does not control Social Security payments; only the Social Security Administration (SSA) and a representative payee do. Act on two tracks: immediately alert SSA to suspected…

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