Partition Agreement With Sale In North Carolina
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A partition action usually takes between six to nine months depending on the circumstances and the complexity of each case. The most significant factor is whether the partition is being handled by an attorney who practices only in partition law.
The actual time it takes from when a partition case is filed to when the land is partitioned physically, by sale, or by set-off varies from case to case. In general, partition cases can take several months or even years to resolve.
Any owner of the property may file for partition. This is a court case in which the owner asks a judge to divide up the property. Typically, this results in the judge ordering the property sold at auction. Anyone, including investors from outside the family, may buy the property at a sale.
A partition action usually takes between six to nine months depending on the circumstances and the complexity of each case. The most significant factor is whether the partition is being handled by an attorney who practices only in partition law.
North Carolina must be in writing. Since only written offers may become binding contracts, your offer should be in writing and signed.
Verbal contracts can be legally binding, meaning there are some exceptions. Despite being considerably harder to verify and prove, some verbal agreements can hold the same legal weight as written ones.