What happens if a co-owner dies before the buyout is finished? | NC

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Q: What happens to the property ownership if the other co-owner dies before the buyout is completed? A: It depends on how the deed says you own the property—and whether the buyout deed was actually delivered and recorded before the death. If the deed includes a right of survivorship, the surviving co-owner usually becomes the sole owner automatically when the other co-owner dies, unless the…