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Probate Q&A Series

Will any liens or judgments against the decedent’s estate reduce the foreclosure surplus funds I can collect?: North Carolina guidance

Will any liens or judgments against the decedent’s estate reduce the foreclosure surplus funds I can collect? – North Carolina Short Answer In North Carolina, foreclosure surplus funds are first used to pay junior liens that actually attached to the property (for example, later deeds of trust, tax or HOA liens). General estate debts or…

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Probate Q&A Series

If my former partner buys out my interest, how is the buyout price determined?: Answered for North Carolina Partition Actions

If my former partner buys out my interest, how is the buyout price determined? – North Carolina Short Answer In North Carolina, co-owners usually set a buyout price by starting with the home’s current fair market value (often via an independent appraisal), then applying credits and debits for things like taxes, insurance, necessary repairs, improvements,…

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Probate Q&A Series

Can I get reimbursed for the renovation labor and supplies I contributed under a partition action?: North Carolina

Can I get reimbursed for the renovation labor and supplies I contributed under a partition action? – North Carolina Short Answer Under North Carolina partition law, a co-owner can usually receive credits for necessary carrying costs (like taxes and insurance) and for permanent improvements, but the credit for improvements is based on the value they…

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Probate Q&A Series

What steps do I take to confirm the accurate boundaries before selling co-owned property?: North Carolina partition sales

What steps do I take to confirm the accurate boundaries before selling co-owned property? – North Carolina Short Answer In North Carolina partition cases, confirm the legal description before any court-ordered sale by fixing the record first. Move to amend the petition and proposed order to use the correct metes-and-bounds, obtain a survey and plat…

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Probate Q&A Series

Does having a 99/1 ownership split affect the survivorship transfer or probate requirement?: North Carolina

Does having a 99/1 ownership split affect the survivorship transfer or probate requirement? – North Carolina Short Answer In North Carolina, unequal shares (like 99/1) do not defeat a properly created joint tenancy with right of survivorship. If the deed expressly includes survivorship, the decedent’s interest passes to the surviving co-owner at death and that…

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Probate Q&A Series

What evidence will the court require to challenge fraudulent mortgages recorded by a co-owner?: North Carolina Surplus Funds

What evidence will the court require to challenge fraudulent mortgages recorded by a co-owner? – North Carolina Short Answer In North Carolina, you need clear, document-based proof that the challenged deed of trust (mortgage) is invalid as to your interest—most often because you never signed it, your signature was forged, or required formalities were not…

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