The crooks are everywhere. You may not have heard of “Deed Fraud,” but it has become a real problem in some areas of the United States. There are several ways in which a crafty criminal can steal the deed to your property. Since the scam takes some time to put together, the scammers often target vacant homes. The vacant property could be empty for a variety of reasons: (1) the owner is now deceased; (2) it could be a Read More
Have you ever wondered about your property’s history?
Have you ever wondered about your property’s history? Not just the title search information from when you bought it, but going way, way back, as far as you can go? It has always fascinated me to imagine who was here before us; did anything historically important happen, or was it just a plot of ground occasionally tread over by ancient hunter-gatherers making their way to somewhere else? My maternal grandfather grew Read More
Petition to Determine Ownership of Surplus Funds- NCGS § 45-21.32
Whether you are assisting a client with finalizing an estate, a foreclosure, or with collecting a judgment, you may encounter surplus funds. Understanding when surplus funds are deposited and the legal process by which your client can secure those funds is beneficial.What are surplus funds?Surplus funds occur when a foreclosure recovers more money than is owed to the entity and after paying all debts Read More
Petition to Determine Ownership of Surplus Funds—Huh??
Where do Surplus Funds come from?Regardless of who owns a piece of real property, or land, the taxes, homeowner’s association dues, and mortgage must be paid. If these are not paid, the lender can foreclose on the land and any home on the property. The goal of the foreclosure is to recover the money owed to the lender due to back taxes, overdue homeowner’s association dues, or the unpaid mortgage, as well Read More
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