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Can I recover reimbursement for carrying costs I paid on the property before it is sold?: North Carolina

Can I recover reimbursement for carrying costs I paid on the property before it is sold? – North Carolina Short Answer Yes. In a North Carolina partition case, a co-owner who paid necessary carrying costs (such as mortgage payments, property taxes, insurance, and essential repairs) can usually receive a credit or contribution before the net…

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How do I offset decades of property maintenance against an heir’s buyout in a partition?: North Carolina

How do I offset decades of property maintenance against an heir’s buyout in a partition? – North Carolina Short Answer In North Carolina, a cotenant who paid necessary carrying costs (like taxes, insurance, and essential repairs) can usually claim credits in a partition case. Those credits are applied when the court sets a buyout price…

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How can I structure a long-term payout schedule with early distributions in an irrevocable trust?: North Carolina – Estate Planning

How can I structure a long-term payout schedule with early distributions in an irrevocable trust? – North Carolina Short Answer Under North Carolina law, you can design an irrevocable trust to pay beneficiaries over decades while allowing the trustee to make early distributions after a set waiting period. Use clear distribution terms (fixed amounts or…

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Can I force the lender to accept late mortgage payments after they previously agreed to them?: North Carolina

Can I force the lender to accept late mortgage payments after they previously agreed to them? – North Carolina Short Answer Generally, no. In North Carolina, a lender’s past acceptance of late payments does not require it to keep accepting them unless there is a signed, enforceable modification or reinstatement agreement. The Clerk of Superior…

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What steps are needed to open an estate for someone who died without a will so we can address unpaid property taxes?: North Carolina

What steps are needed to open an estate for someone who died without a will so we can address unpaid property taxes? – North Carolina Short Answer In North Carolina, an heir or other qualified person must apply with the Clerk of Superior Court to be appointed administrator and receive Letters of Administration. Once appointed,…

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How can I add a previous interest holder as a respondent in a surplus funds case when I don’t have their contact information?: North Carolina

How can I add a previous interest holder as a respondent in a surplus funds case when I don’t have their contact information? – North Carolina Short Answer File a motion with the Clerk of Superior Court to join the prior interest holder as a necessary party and have a special proceeding summons issued. If…

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Can a surplus funds hearing proceed without serving a former owner whose interest was assigned during foreclosure?: North Carolina

Can a surplus funds hearing proceed without serving a former owner whose interest was assigned during foreclosure? – North Carolina Short Answer Often, yes. In North Carolina, the Clerk of Superior Court distributes foreclosure surplus to the person entitled to it. If the former owner fully assigned their right to the surplus, the assignee is…

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How do I challenge a foreclosure when a lender mishandled my loan modification paperwork?: North Carolina

How do I challenge a foreclosure when a lender mishandled my loan modification paperwork? – North Carolina Short Answer In North Carolina, you can ask a Superior Court judge to stop a power-of-sale foreclosure by filing a lawsuit and requesting a temporary restraining order or preliminary injunction before the sale, especially if the lender’s handling…

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