Condo owners settle for $3 million
In “The Money Pit,” a hit comedy film from 1986, a young couple’s joy after buying a home quickly turns to agony when the house soon begins to fall apart, necessitating the expensive repairs that lend...
View ArticleTax valuations for outdated equipment reined in
A solar energy company based in Asheville has something to be sunny about after the North Carolina Court of Appeals shaved more than a million dollars from the taxable value of a heating system it...
View ArticleThere’s a bad moon on the rise
Two years ago, The Mecklenburg Times’ sister publication Lawyers Weekly wrote about the boorish antics of a man who might fairly be deemed the neighbor from hell. A feud between a homeowner and the...
View ArticleLoan terms upheld in bankruptcy
For would-be homeowners struggling to secure a loan, seller financing can be an alternate route into a new house. Like a rent-to-own contract (and controversial precisely for that reason), the buyer...
View ArticleCourt defines window for claims of fraudulent property transfer
Creditors seeking to undo fraudulent property transfers are subject to a statute of limitations that begins when the transfers occur rather than when the lender discovered the ruse, the North Carolina...
View ArticleOrder to transfer title must be in writing
A judge’s verbal order to direct a clerk of court to transfer title in a piece of property isn’t enforceable until the judge puts the order in writing, the North Carolina Court of Appeals has ruled in...
View ArticleWide latitude for do-overs
Creditors scored a big win on Nov. 1, as the North Carolina Court of Appeals ruled that lenders can rescind a certificate of satisfaction—the formal legal notice that a deed has been paid off in...
View Article4th Circuit sets new test for joint employer cases
The 4th U.S. Circuit Court of Appeals for the first time has established a test for determining whether two companies were joint employers under the Fair Labor Standards Act. The court’s test is more...
View ArticleHOA manager engaged in unauthorized law practice
A company that manages homeowners’ associations engaged in the unauthorized practice of law when it represented associations in magistrate’s court, filed judgments in circuit court and prepared and...
View ArticleNC Supreme Court rules broker can testify on value of condemned land
Real estate brokers are permitted testify about the fair market value of land being condemned by the Department of Transportation, the North Carolina Supreme Court has ruled in a decision that would...
View ArticleSold cheap at a void sale, family’s house returned to investors
By David Donovan, Editor in Chief of North Carolina Lawyers Weekly An inconspicuous house, tucked away in a cul-de-sac just a few miles to the Charlotte side of Lake Wylie, is at the center of a...
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Family gets back home that was sold cheap at void sale
A family whose home was foreclosed upon over barely $200 in unpaid homeowners’ association dues will be getting their house back after the North Carolina Supreme Court unanimously ruled that the...
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